Violation Tracker Individual Record

Company: 
Baker Hughes Incorporated
Current Parent Company: 
General Electric
Penalty: 
$33,000,000
Year: 
2007
Date: 
April 26, 2007
Primary Offense: 
Foreign Corrupt Practices Act
Violation Description: 

Baker Hughes Incorporated agreed to pay more than $23 million in disgorgement and prejudgment interest and a civil penalty of $10 million to settle allegations that it violated a 2001 cease-and-desist Order prohibiting violations of the books and records and internal controls provisions of the Foreign Corrupt Practices Act.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Massachusetts
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
diversified
Specific Industry of Parent: 
diversified
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.