Foreign Bribery

United Technologies Corp. will pay $14 million to <strong><a href="http://www.courthousenews.com/wp-content/uploads/2018/09/Foreign.Bribery.pdf">settle charges</a></strong> that it bribed Azerbaijani officials through its Otis Elevator subsidiary to sell elevator equipment for public housing in Baku and as part of a kickback scheme to sell elevators in China, the SEC said Wednesday.

WASHINGTON — United Technologies Corp. will pay $14 million to settle charges that it bribed Azerbaijani officials through its Otis Elevator subsidiary to sell elevator equipment for public housing in Baku and as part of a kickback scheme to sell elevators in China, the SEC said Wednesday.

Categories / Business, International

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