Violation Tracker Individual Record

Company: 
Panasonic Avionics Corporation
Current Parent Company: 
Panasonic
Penalty: 
$137,400,000
Year: 
2018
Date: 
April 30, 2018
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
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.