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Violation Tracker Individual Record

Company: ABB Ltd.
Current Parent CompanyABB Ltd.
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $315,000,000
Year: 2022
Date: December 2, 2022
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Mega-ScandalForeign Bribery
Violation Description: ABB Ltd., a Swiss-based global technology company listed on the New York Stock Exchange, agreed to pay more than $315 million to resolve an investigation into violations of the Foreign Corrupt Practices Act stemming from the bribery of a high-ranking official at South Africa's state-owned energy company. ABB entered into a three-year deferred prosecution agreement with the department in connection with the filing of a criminal information in the Eastern District of Virginia charging the company with conspiracy to violate the FCPA's anti-bribery provisions, conspiracy to violate the FCPA's books and records provisions, and substantive violations of the FCPA. In addition, ABB subsidiaries ABB Management Services Ltd. (Switzerland) and ABB South Africa (Pty) Ltd. (South Africa) each pleaded guilty to one count of conspiracy to violate the anti-bribery provisions of the FCPA.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: utilities and power generation
Specific Industry of Current Parent: power systems
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.