Government,
Criminal,
Corporate,
Administrative/Regulatory
May 2, 2018
Panasonic company to pay $280M over foreign corruption charges
A major electronics company has agreed to pay $280 million to resolve charges that it concealed payments made to foreign consultants.
A major electronics company has agreed to pay $280 million to resolve charges that it concealed payments made to foreign consultants.
The Department of Justice announced on Monday that Panasonic Avionics Corporation, a subsidiary of the multinational Panasonic Corporation located in Lake Forest, has agreed to pay a $137.4 million criminal penalty. Panasonic Avionics entered into a deferred prosecution agreement in a federal court i...
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