Honeywell pays $160M to resolve bribery investigations in U.S., Brazil

Honeywell UOP, a U.S.-based subsidiary of Honeywell International, has agreed to pay more than $160M to resolve parallel bribery investigations by criminal and civil authorities in the United States and Brazil "stemming from bribe payments offered to a high-ranking official at Brazil’s state-owned oil company. " The Department of Justice’s resolution is coordinated with prosecutorial authorities in Brazil as well as the U.S. Securities and Exchange Commission. According to court documents, Honeywell UOP entered into a three-year deferred prosecution agreement with the department in connection with a criminal information filed in the Southern District of Texas charging the company with conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act. Reference Link