SEC fines John Deere about $10 million for bribery scheme in Thailand
WEB6 days ago · John Deere, the major farm equipment manufacturer based in Moline, Illinois, was fined about $10 million for a bribery scheme led by its subsidiary in Thailand, according to the Securities and Exchange Commission. The fine, announced Tuesday, comes after the company’s subsidiary, named Wirtgen Thailand, bribed …
SEC Charges John Deere With FCPA Violations for Subsidiary’s …
WEB2024-124. Washington D.C., Sept. 10, 2024 —. The Securities and Exchange Commission today announced that Deere & Company, which does business as John Deere, agreed to pay nearly $10 million to resolve SEC charges that it violated the Foreign Corrupt Practices Act (FCPA) arising out of bribes paid by its wholly owned subsidiary, Wirtgen Thailand.
Deere to Pay $10M in Bribery Charge: SEC | Construction Equipment
WEB3 days ago · Deere to pay $10 million for subsidiary’s alleged participation in bribery scheme. Sep. 11—John Deere has agreed to pay nearly $10 million over allegations one of its subsidiaries bribed Thai government officials. The Securities and Exchange Commission announced Deere paid to resolve SEC charges that it violated the Foreign Corrupt ...
Thailand bribery probe settlement to cost Deere almost $10 million
WEBSep 12, 2024 · Jonathan Stempel. Reuters. 0:04. 0:45. Deere & Co. has agreed to pay $9.93 million to settle U.S. Securities and Exchange Commission charges that a Thailand subsidiary offered massage parlor ...
Deere agrees to pay $10 million to settle SEC bribery charges
WEBSep 12, 2024 · Wirtgen Thailand also bribed employees of a private company to secure sales. The bribes included cash, visits to massage parlors, and international trips. As a result, Wirtgen Thailand made about $4.3 million in profits, which were falsely recorded in John Deere’s books as legitimate expenses.
Tractor maker Deere settles SEC probe into alleged cash and …
WEBSep 10, 2024 · Tractor maker Deere has agreed to pay $10mn to settle charges brought by the US Securities and Exchange Commission over allegations that a Thai subsidiary bribed local officials with cash,...
$10M John Deere Bribery Settlement Underscores Risks of Not …
WEBSep 11, 2024 · NEWS. $10M John Deere Bribery Settlement Underscores Risks of Not Integrating Acquisitions. The Securities and Exchange Commission said that in the three years after Deere bought Wirtgen Thailand ...
Securities commission charges Deere for subsidiary’s role in Thai ...
WEBSep 11, 2024 · The Securities and Exchange Commission (SEC) on Tuesday announced that Deere & Company has agreed to pay nearly $10 million to resolve SEC charges that it violated the Foreign Corrupt Practices...
Deere to pay nearly $10M to resolve Thai subsidiary’s bribery
WEBSep 10, 2024 · Deere & Co. will pay $9.9 million to resolve SEC charges. WASHINGTON (KWQC) - Deere & Co. agreed to pay nearly $10 million over charges its Thai subsidiary bribed government officials with massage ...
Deere to pay $9.9M in Wirtgen Thailand bribery scheme
WEB2 days ago · Jordanne Waldschmidt. Sep 17, 2024. Wirtgen. John Deere has agreed to pay $9.9 million to resolve allegations that its subsidiary Wirtgen Thailand bribed government officials and private companies ...