- Global Benefits Vision - https://www.global-benefits-vision.com -

U.S. company to pay USD 7.5 million to resolve bribery probes

Only a few weeks after Dutch telecommunications firm Vimpel and U.S.-based engineering software editor PTC in February 2016 entered into settlements with U.S. authorities in relation to allegations of corruption, telecommunication hardware provider Qualcomm in early March 2016 agreed to pay $ 7.5 million to settle charges under the U.S. Foreign Corrupt Practices Act (FCPA). Both PTC’s and Qualcomm’s illegal dealings were with corrupt Chinese government officials, whereas Vimpel got into trouble in several CIS (Commonwealth of Independent States, i.e. ex-USSR) countries.

To the article about the Vimpel case [1]

To the article about the PTC Case [2]