Sep 10, 11:30 PM

Deere to Pay $9.93 Million to Settle SEC Bribery Charges Involving Thai Subsidiary and Three Thai State Institutions

Deere & Co. has agreed to pay $9.93 million to settle charges by the U.S. Securities and Exchange Commission (SEC) regarding violations of the Foreign Corrupt Practices Act. The charges stem from allegations that Deere's subsidiary, Wirtgen Thailand, made improper payments to Thai government officials to secure business contracts with three Thai state institutions. These bribes included cash payments, visits to massage parlors, and extravagant trips to foreign countries. The settlement resolves the SEC's probe into these activities.

#SEC #Foreign Corrupt Practices Act #Deere #Wirtgen Thailand #Thai

Written with ChatGPT (GPT-4o).