CHARLOTTE – Technology conglomerate Honeywell has settled cases involving Foreign Corrupt Practice Act complaints and will pay more than $200 million in penalties and other fees.
Honeywell, which is based in Charlotte, announced the settlement on Monday.
The cases involved the US Securities and Exchange Commission and the government of Brazil.
“We are pleased to have this legacy matter behind us, as these events in no way reflect the current leadership, culture and values that Honeywell has come to establish over a decade since this activity occurred,” said Darius Adamczyk, chairman and chief executive officer of Honeywell. “We stand behind our recognized world-class ethics and compliance program and all Honeywell employees are expected to abide by all laws in the countries in which we operate and conduct themselves with the highest levels of integrity at all times.”
Read the full announcement from Honeywell at: https://www.prnewswire.com/news-releases/honeywell-settles-legacy-foreign-corrupt-practices-act-issues-and-will-pay-a-total-of-202-7-million-301706362.html
