Violation Tracker Individual Record
Company:
Panasonic Avionics Corporation
Current Parent Company:
Panasonic
Penalty:
$137,400,000
Year:
2018
Date:
April 30, 2018
Offense Group:
competition-related offenses
Primary Offense:
Foreign Corrupt Practices Act
Violation Description:
Panasonic Avionics Corporation (PAC), a subsidiary of multinational electronics company Panasonic Corporation, agreed to pay a $137.4 million criminal penalty to resolve charges arising out of a scheme to retain consultants for improper purposes and conceal payments to third-party sales agents, in violation of the accounting provisions of the Foreign Corrupt Practices Act.
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 Parent:
Japan
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
electrical and electronic equipment
Specific Industry of Parent:
consumer electronics
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.
