Violation Tracker Individual Record

Company: 
ABB Middle East & Africa Participations AG
Current Parent Company: 
ABB Ltd.
Penalty: 
$53,000,000
Year: 
2001
Date: 
April 12, 2001
Primary Offense: 
price-fixing or anti-competitive practices
Secondary Offense: 
bid-rigging
Violation Description: 

ABB Middle East &Africa Participations AG, a Milan-based, Swiss subsidiary of ABB Asea Brown Boveri Ltd., pleaded guilty and was sentenced to pay a $53 million fine for participating in a conspiracy to rig bids on a construction contract funded by the United States Agency for International Development in Egypt.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Antitrust Division
Civil or Criminal Case: 
criminal
HQ Country of Parent: 
Switzerland
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
utilities and power generation
Specific Industry of Parent: 
power systems
Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.