Panasonic to pay US government $280 million on bribery, fraud violations

The Panasonic Corp. of Japan and its US subsidiary Panasonic Avionics Corp. (PAC) will pay $280 million to resolve Foreign Corrupt Practices Act and accounting fraud violations, the US Department of Justice (DOJ) and Securities and Exchange Commission (SEC) announced separately April 30. The SEC...
Bill Carey

Bill covers business aviation and advanced air mobility for Aviation Week Network. A former newspaper reporter, he has also covered the airline industry, military aviation, commercial space and uncrewed aircraft systems. He is the author of 'Enter The Drones, The FAA and UAVs in America,' published in 2016.

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