Foreign Corrupt Practices Act: Investigations Dataset

Investigation Name: Investigation into ABB's Activities in Latin America and the Middle East (Oil for Food)

Trend: United Nations Oil-for-Food Program

Type of investigation: Internal, SEC, DOJ

Other Agencies Investigating/Assisting with SEC/DOJ Investigation:

United Nations Independent Inquiry Committee

Whistleblower: Unknown

Summary

ABB Ltd is a Swedish–Swiss multinational corporation headquartered in Zürich, Switzerland and is organized under the laws of Switzerland. It operates mainly in robotics, power, heavy electrical equipment, and automation technology areas.

As disclosed in its SEC filings, in April 2005, ABB Ltd. voluntarily disclosed to the DOJ and SEC certain suspect payments in ABB’s network management unit in the United States. Subsequently, ABB made additional voluntary disclosures to the DOJ and the SEC regarding suspect payments made by other ABB subsidiaries in a number of countries in the Middle East, Asia, South America and Europe. These payments were discovered as a result of ABB’s internal audit program and compliance reviews.

In September 2010, ABB reached settlements with the DOJ and the SEC regarding the investigations into these matters and into suspect payments involving certain of ABB’s subsidiaries in the United Nations Oil-for-Food Program.

Protected Content

Please Log In or Sign Up for a free account to access restricted features of the Clearinghouse website, including the Advanced Search form and the full case pages.

When you sign up, you will have the option to save your search queries performed on the Advanced Search form.

| Investigations Dataset

Investigations Dataset

Information & Summary

Investigation into ABB's Activities in Latin America and the Middle East (Oil for Food)

Information & Summary

Protected Content