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US SEC charges Tyco in foreign bribery case
WASHINGTON, Sept 24 |
WASHINGTON, Sept 24 (Reuters) - The U.S. Securities and Exchange Commission on Monday charged Tyco International Ltd with violating an anti-foreign bribery law, the Foreign Corrupt Practices Act.
Tyco will pay $13.1 million to settle the charges, according to court documents. The Justice Department's criminal division will settle related charges against Tyco through a non-prosecution agreement, according to the documents.
The conduct came to light through a review of Tyco's operations following a 2006 settlement, the SEC said.
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