The United States again led the charge in enforcement activity this month. Manufacturing firm Embraer S.A
. agreed to pay more than USD 205 million in penalties, disgorgement and prejudgment interest to the U.S. Department of Justice (“DOJ”), the U.S. Securities and Exchange Commission (“SEC”), and Brazilian authorities to resolve allegations that the company made improper payments to government officials related to aircraft purchases in the Dominican Republic, India, Saudi Arabia and Mozambique. In the telecoms industry, Telia Company
disclosed this month that U.S. and Dutch authorities proposed a settlement of their investigations into the company for approximately USD 1.45 billion. Wal-Mart Stores Inc
. and Braskem SA also are allegedly in talks with U.S. officials to settle the investigations into those companies.
Cognizant Technology Solutions Corporation
disclosed that it is investigating potential violations of the US Foreign Corrupt Practices Act in India, and notified both the SEC and DOJ of its investigation. The climate-control company Lennox International Inc.
is investigating an alleged bribe to a customs broker or official in Russia, which it disclosed to the SEC and DOJ.
Finally, Grifols S.A.
, a multinational chemical and pharmaceutical company, disclosed this month that the DOJ had closed its investigation into the company related to Talecris Group, which Grifols purchased in 2010.
Visit the TRACE Compendium
to view the complete entries, along with oher updates from this month.