SEC: Global Aerospace Company AAR and Former Executive of Its Subsidiary Settle Charges for Bribing Nepalese and South African Officials
December 20, 2024
December 20, 2024
WASHINGTON, Dec. 20 -- The Securities and Exchange Commission issued the following news release on Dec. 19, 2024:
The Securities and Exchange Commission today announced that Illinois-based AAR CORP., a global provider of aviation services and products, agreed to resolve Foreign Corrupt Practices Act (FCPA) charges in connection with two bribery schemes. AAR agreed to pay approximately $30 million to settle the SEC's charges. Deepak Sharma, a former executive of a wholly owned AAR su . . .
The Securities and Exchange Commission today announced that Illinois-based AAR CORP., a global provider of aviation services and products, agreed to resolve Foreign Corrupt Practices Act (FCPA) charges in connection with two bribery schemes. AAR agreed to pay approximately $30 million to settle the SEC's charges. Deepak Sharma, a former executive of a wholly owned AAR su . . .