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SEC says aerospace firm AAR settles charges over bribing officials
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SEC says aerospace firm AAR settles charges over bribing officials
Dec 19, 2024 2:00 PM

WASHINGTON, Dec 19 (Reuters) - The Securities and

Exchange Commission said on Thursday that global aerospace

company AAR Corp ( AIR ) agreed to resolve U.S. charges in

connection with two bribery schemes related to Nepalese and

South African officials.

AAR agreed to pay about $30 million to settle the SEC's

charges, the regulator said in a statement, adding that Deepak

Sharma, a former executive of a wholly owned AAR subsidiary,

also settled SEC charges related to the same schemes.

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