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What will be the change in John Deere's market share in Thailand by the end of 2024 following the SEC settlement?
2
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Story
John Deere to Pay $9.93 Million to Settle SEC Bribery Probe Announced Tuesday
Sep 10, 2024, 01:45 PM
Deere & Company, also known as John Deere, has agreed to pay $9.93 million to settle a U.S. Securities and Exchange Commission (SEC) probe into violations of the Foreign Corrupt Practices Act. The SEC investigation revealed that Deere's employees in Thailand bribed Thai government officials with cash payments and massage parlor visits to secure contracts. This settlement, announced on Tuesday, resolves the charges brought against the company for these bribery violations.
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