|Ohio-based ATM maker Diebold to pay $48M in probe||| Print ||
|Written by THOMAS J. SHEERAN, Associated Press|
|Tuesday, 22 October 2013 15:33|
CLEVELAND (AP) — The Ohio-based Diebold Inc. maker of ATMs has agreed to pay more than $48 million in penalties and restitution in a federal investigation of overseas bribes.
The U.S. government said Tuesday that Diebold has agreed to pay a $25.2 million penalty to resolve an investigation into alleged bribes in China and Indonesia and falsified records in Russia.
The company agreed to pay $22.9 million in restitution and to appoint an independent monitor to oversee its compliance with the law. Diebold acknowledged responsibility and said those responsible were held accountable.
Also, the Securities and Exchange Commission announced a settlement with Diebold of civil charges under the anti-bribery law.
Diebold is based in North Canton. Besides ATMs, it also makes bank security equipment.
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