ABB pays over US$315 million, with three-year DPA, after South Africa bribery

Swiss-based engineering and technology group ABB has agreed to pay over US$315 million to settle allegations that it violated the US Foreign Corrupt Practices Act by bribing a high-level official in Eskom Holdings Ltd, South Africa's state-owned energy company.

Swiss-based engineering and technology group ABB has agreed to pay over US$315 million to settle allegations that it violated the US Foreign Corrupt Practices Act (FCPA) by bribing a high-level official in Eskom Holdings Ltd, South Africa's state-owned energy company. [1]