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...
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Safran Avoids U.S. Prosecution But Must Pay $17M For China Work is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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