NORDAM, the Tulsa-based aerospace manufacturer, will pay a $2 million fine for violations of the Foreign Corrupt Practices Act in a settlement with the U.S. Department of Justice over a bribery scandal in Singapore, federal and company officials said Tuesday.
Investigations by the Justice Department and the company disclosed the payment of bribes by NORDAM employees in Singapore to employees of state-owned airlines in China.
The bribes were paid between 1999 and 2008 to win business from the China airlines for NORDAM's maintenance, repair and overhaul facility in Singapore, officials said. Full story
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NORDAM Group to pay $2M to resolve Foreign Corrupt Practices Act violations - Business Insurance
