The SEC said the criminal fine was part of a non-prosecution agreement with the U.S. Department of Justice related to books and records violations of the federal Foreign Corrupt Practices Act. It said Microsoft will also pay nearly $16.6 million to settle related SEC civil charges, without admitting wrongdoing. Read More...
FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California
(Reuters) – Microsoft Corp agreed to pay more than $25 million, including an $8.75 million criminal fine imposed on its Microsoft Hungary unit, to settle U.S. charges it violated a federal anti-bribery law, the U.S. Securities and Exchange Commission said on Monday.
The SEC said the criminal fine was part of a non-prosecution agreement with the U.S. Department of Justice related to books and records violations of the federal Foreign Corrupt Practices Act. It said Microsoft will also pay nearly $16.6 million to settle related SEC civil charges, without admitting wrongdoing.
(Reporting by Jonathan Stempel in New York; Editing by Chizu Nomiyama)
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