Defendant Name:
Tyco International Ltd
Defendant Type:
Public Company
SIC Code:
7382
CUSIP:
H8912810
Document Reference:
comp-pr2012-196
Document Details
Legal Case Name
SEC v. Tyco International Ltd.
Document Name
Complaint
Document Date
24-Sep-2012
Document Format
Civil Proceeding
Case Number
12-cv-01583
Federal District Court
District of Columbia, District of Columbia
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On September 24, 2012, the SEC filed a civil complaint against Tyco International Ltd. According to the complaint: "This matter concerns violations by Tyco International Ltd. ('Tyco') of the books and records, internal controls, and anti-bribery provisions of the Foreign Corrupt Practices Act ('FCPA').... The FCPA misconduct [voluntarily] reported by Tyco showed that Tyco's books and records were misstated as a result of at least twelve different, post-injunction illicit payment schemes occurring at Tyco subsidiaries across the globe. The schemes frequently entailed illicit payments to foreign officials that were inaccurately recorded so as to conceal the nature of the payments." Countries where alleged FCPA violations took place include: Turkey, China, Croatia, India, Libya, Saudi Arabia, Serbia, Syria, the United Arab Emirates, Mauritania, the Congo, Niger, Madagascar, Thailand, Malaysia, Egypt, and Poland.
