Just another day in getting business done the old fashioned way
Tuesday, September 10, 2024
Deere settles US SEC bribery probe unit
Deere agreed to pay $9.93 million to settle U.S. Securities and Exchange Commission charges that a Thailand subsidiary, Wirtgen Thailand, offered cash, meals, sham consulting fees, sightseeing ventures disguised as "factory visits" in Switzerland and other European countries, and massage parlor "entertainment." to win government business, and engaged in commercial bribery.
high-level managers and employees at the agricultural equipment and heavy machinery company's Wirtgen Thailand unit made improper payments to officials at entities including the Royal Thai Air Force and Thailand's Department of Highways.
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