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Wireless

Panasonic Avionics to pay USD 281 mln to settle US corruption investigation

Tuesday 1 May 2018 | 15:01 CET | News
Panasonic has agreed to pay penalties of USD 280.6 million to settle a US investigation into corrupt sales practices at its unit Panasonic Avionics, which supplies in-flight entertainment and communications systems. The settlement with the Securities and Exchange Commission and the US Department of Justice ends an investigation started in February 2017. 

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Categories: Mobile & Wireless
Companies: Panasonic / Panasonic Avionics
Countries: United States
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