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Al Jazeera
Al Jazeera
Politics

US manufacturer Honeywell to pay $200m to settle bribery charges

Honeywell Petrobras SEC Brazil Justice Department
Honeywell was accused of paying bribes to a high-ranking official at Brazil's state-owned oil company Petrobras to secure business [File: Dado Galdieri/Bloomberg]

US-based manufacturer Honeywell International Inc said it has agreed to pay about $200m to settle criminal and civil corruption investigations in the United States and Brazil.

The US Justice Department and US Securities and Exchange Commission (SEC) each announced on Monday the resolution of parallel investigations relating to bribes that Honeywell paid between 2010 and 2014 to a high-ranking official at Brazil’s state-owned oil company Petrobras to secure business.

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