ZURICH (Reuters) – Swiss engineering and technology group ABB has been fined 4 million Swiss francs ($4.3 million) by the country’s Attorney General in connection with a bribery case in South Africa.
The Attorney General’s office on Friday said the penalty was imposed on ABB for “not having taken all necessary and reasonable organizational provisions in order to prevent bribery payments to foreign officials in South Africa”.
ABB and South Africa’s National Prosecuting Authority (NPA) this week reached an agreement that the company will pay reparations for its involvement in state corruption, the crime agency said on Thursday.
The company
