Safran Avoids U.S. Prosecution But Must Pay $17M For China Work

Employees of Monogram Systems, now a Safran subsidiary, committed bribery in China that violated the U.S. Foreign Corrupt Practices Act and the European OEM parent will have to disgorge $17.2 million to settle the issue, U.S. prosecutors said Dec. 21. But according to a so-called declination letter...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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