Qualcomm settles US corruption investigation

Wednesday 2 March 2016 | 08:36 CET | News
Qualcomm has settled with the US Securities and Exchange Commission (SEC) over an investigation into possible violations of the Foreign Corrupt Practices Act. Without admitting or denying the SEC's findings, Qualcomm has agreed to pay a civil penalty of USD 7.5 million to resolve this matter. Qualcomm stressed that "this is not a criminal action", and the US Department of Justice also recently closed its investigation into the matter without taking any action. The SEC's investigation centred on activities before 2012 in China, when Qualcomm gave employees of state-owned entities or government

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Qualcomm
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


MTel executives to pay penalties for FCPA violations

Published 25 Apr 2017 12:12 CET | Hungary
The Securities and Exchange Commission announced that two former executives at Hungarian telecommunications company Magyar ...

Qualcomm, Virginia Tech open Thinkabit Lab

Published 06 Sep 2016 17:01 CET | United States
Qualcomm Incorporated and Virginia Tech begin a multi-year collaboration this fall with the launch of the Qualcomm Thinkabit Lab ...

Qualcomm fined CNY 6.1 bln in China competition case

Published 09 Feb 2015 22:26 CET | China
Qualcomm has agreed to pay a fine of CNY 6.088 billion (USD 975 million) in order to put an end to a competition investigation in ...

Qualcomm faces corruption investigation in US

Published 02 Feb 2012 10:24 CET | World
The US Justice department has launched an anti-corruption investigation into the activities of Qualcomm, the Financial Times ...