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Violation Tracker Individual Record

Company: Panasonic Corp.
Current Parent Company: Panasonic
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $143,000,000
Year: 2018
Date: April 30, 2018
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Mega-Scandal: Foreign Bribery
Violation Description: The Securities and Exchange Commission announced that Japan-based Panasonic Corp. would pay more than $143 million to resolve Foreign Corrupt Practices Act and accounting fraud violations involving its global avionics business.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: electrical and electronic equipment
Specific Industry of Current Parent: consumer electronics
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.