Moog Inc. Fined $1.1 Million By SEC For FCPA Violations

Binance News · 2024-10-11T13:35:18.000Z

According to Odaily, the U.S. Securities and Exchange Commission (SEC) announced today that Moog Inc., a global manufacturer based in New York, has agreed to pay a civil penalty of $1.1 million for violating the Foreign Corrupt Practices Act (FCPA). The violations involved bribery conducted by employees of Moog Motion Controls, a division of the company, between 2020 and 2022. The SEC's investigation revealed that Moog Motion Controls employees bribed several Indian officials to secure business deals. These improper payments were made through various means, including third-party agents and distributors. The employees also attempted to influence public tenders in India to favor Moog's products and exclude competitors. The SEC's findings highlight the company's failure to maintain adequate internal controls to prevent such corrupt practices.

De acordo com o Odaily, a Securities and Exchange Commission (SEC) dos EUA anunciou hoje que a Moog Inc., uma fabricante global sediada em Nova York, concordou em pagar uma multa civil de US$ 1,1 milhão por violar o Foreign Corrupt Practices Act (FCPA). As violações envolveram suborno conduzido por funcionários da Moog Motion Controls, uma divisão da empresa, entre 2020 e 2022.
A investigação da SEC revelou que os funcionários da Moog Motion Controls subornaram vários funcionários indianos para garantir negócios. Esses pagamentos indevidos foram feitos por vários meios, incluindo agentes e distribuidores terceirizados. Os funcionários também tentaram influenciar licitações públicas na Índia para favorecer os produtos da Moog e excluir concorrentes. As descobertas da SEC destacam a falha da empresa em manter controles internos adequados para evitar tais práticas corruptas.

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