financetom
Business
financetom
/
Business
/
SEC says aerospace firm AAR settles charges over bribing officials
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
SEC says aerospace firm AAR settles charges over bribing officials
Dec 19, 2024 2:09 PM

WASHINGTON (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.

(Reporting by Kanishka Singh in Washington)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved