Oct 22 Diebold Inc, a maker of automated
teller machines and bank security systems, agreed to pay more
than $48 million to settle U.S. criminal and civil charges that
it bribed officials in foreign countries to win business, the
U.S. Securities and Exchange Commission said on Tuesday.
The SEC said Diebold agreed to pay a $25.2 million fine in a
criminal case brought by the U.S. Department of Justice. The
company will pay an additional $22.9 million and appoint an
independent compliance monitor to settle SEC charges over
alleged misconduct from 2005 to 2010.
According to the SEC, Diebold violated the U.S. Foreign
Corrupt Practices Act when its units in China and Indonesia
spent about $1.8 million on travel, entertainment and other
gifts for senior officials at government-owned banks, hoping to
influence the banks' purchasing decisions.
It also said Diebold's unit in Russia from 2005 to 2008 paid
about $1.2 million in bribes related to the sale of ATMs to
private banks in that country.