Defendant Name:
Ingersoll-Rand Company Ltd.
Defendant Type:
Public Company
Document Reference:
LR-20353
Document Details
Legal Case Name
SEC v. Ingersoll-Rand Company Limited
Document Name
SEC Files Settled Books and Records and Internal Controls Charges
Against Ingersoll-Rand Company Ltd. For Improper Payments to
Iraq Under the U.N. Oil for Food Program - - Company Agrees to Pay
Over $4.2 Million and to Make Certain Undertakings Regarding its
Foreign Corrupt Practices Act Compliance Program
Document Date
31-Oct-2007
Document Format
Civil Proceeding
Case Number
07-cv-01955
Federal District Court
District of Columbia, District of Columbia
Allegation Type
Foreign Corrupt Practices Act
Document Summary
The SEC stated that: "[It] filed Foreign Corrupt
Practices Act books and records and internal controls charges against
Ingersoll-Rand Company Ltd., a New Jersey-based industrial equipment
company, in the U.S. District Court for the District of Columbia. The
Commission's complaint alleges that from 2000 through 2003, four of
Ingersoll-Rand's subsidiaries entered into contracts in which $963,148 in
kickback payments were made and $544,697 in additional payments were
authorized in connection with sales of humanitarian goods to Iraq under the
U.N. Oil for Food Program (the "Program")."
Disgorgement & Penalty Information
Resolutions
Enjoinment
Compliance Related Independent Consultant
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$1,710,034.00
Shared:
Civil Penalty
Individual:
$1,950,000.00
Shared:
Pre-Judgment Interest
Individual:
$560,953.00
Shared: