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Violation Tracker Individual Record

Company: ABB Vetco Gray Inc. and ABB Vetco Gray UK Ltd.
Current Parent Company: General Electric
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Penalty: $10,500,000
Year: 2004
Date: July 6, 2004
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Violation Description: ABB Vetco Gray Inc. and ABB Vetco Gray UK Ltd., U.S. and UK subsidiaries of Swiss company ABB Ltd., pleaded guilty to a criminal information charging each of the two companies with two counts of bribery in violation of the Foreign Corrupt Practices Act. ABB later sold the business, which eventually ended up as part of General Electric.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: USA
HQ State of Current Parent: Massachusetts
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: diversified
Specific Industry of Current Parent: diversified
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.