United Tech to pay $14 mln for illegal foreign payments - U.S. SEC
WASHINGTON, Sept 12 (Reuters) - United Technologies Corp
will pay $13.9 million to settle charges it made illegal
payments or provided trips and gifts to officials from
Azerbaijan, China, Kuwait, South Korea, Pakistan, Thailand and
Indonesia in order to obtain business, the top U.S. securities
regulator said on Wednesday.
The Connecticut-based company did not admit or deny the
findings when it agreed to pay disgorgement and interest of
around $10 million and a penalty of $4 million, the Securities
and Exchange Commission said.
(Reporting by Doina Chiacu and Lisa Lambert; Editing by Jeffrey
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