panasonic avionics

PANASONIC AVIONICS CORPORATION AGREES TO PAY $137 MILLION TO RESOLVE FOREIGN CORRUPT PRACTICES ACT CHARGES

WASHINGTON – Panasonic Avionics Corporation (PAC), a subsidiary of multinational electronics company Panasonic Corporation (Panasonic), has agreed to pay a $137.4 million criminal penalty to resolve charges arising out of a scheme to retain consultants for improper purposes and conceal payments to third-party sales agents, in violation of the accounting provisions of the Foreign Corrupt … Continue reading PANASONIC AVIONICS CORPORATION AGREES TO PAY $137 MILLION TO RESOLVE FOREIGN CORRUPT PRACTICES ACT CHARGES