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U.S. company to pay USD 28 million to resolve bribery probes
Two units of U.S.-based engineering software company PTC will pay a total of $28 million (USD) to resolve probes into whether they gave more than $1 million in recreational travel to foreign government officials from China, in a probable violation of the Foreign Corrupt Practices Act, the U.S. Department of Justice and the Securities and Exchange Commission said in February 2016. NASDAQ-listed PTC has 6,000 employees in 30 countries