Embraer Pays $205m Fine To Settle International Bribery Cases

From Forbes

Brazilian aircraft manufacturer Embraer has agreed to pay $205m in fines to authorities in the U.S. and Brazil to settle a bribery investigation involving aircraft sales to Saudi Arabia, Mozambique, the Dominican Republic and India.

The plane-maker announced the deal with the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) and Brazil’s Ministério Público Federal (MPF) and Comissão de Valores Mobiliários (CVM) on October 24.

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