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Violation Tracker Individual Record

Company: AGCO Corporation
Current Parent CompanyAGCO Corp.
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $18,300,000
Year: 2009
Date: September 30, 2009
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Violation Description: AGCO Corporation agreed to pay $18.3 million to settle allegations that certain subsidiaries made approximately $5.9 million in kickback payments related to their sales of humanitarian goods to Iraq under the United Nations Oil for Food Program.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Georgia
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: agribusiness
Specific Industry of Current Parent: agricultural equipment
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.