Defendant Name:
ABB Ltd
Defendant Type:
Public Company
Document Reference:
2022-214
Document Details
Legal Case Name
In the Matter of ABB Ltd.
Document Name
ABB Settles SEC Charges That It Engaged in Bribery Scheme in South Africa
Document Date
03-Dec-2022
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
The SEC "announced charges against global electrification and automation technology company, ABB Ltd, for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme in South Africa. The company has agreed to pay a $75 million civil penalty to settle the SEC’s charges."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Monetary Penalties:
Disgorgement
Individual:
$72,000,000.00
Shared:
Civil Penalty
Individual:
$75,000,000.00
Shared: