Honeywell says it will pay at least $ 160 million to end corruption investigations

By Hailey Konnath (Oct. 22, 2021, 10:42 p.m. EDT) – Honeywell International Inc. expects to pay at least $ 160 million to resolve investigations by U.S. and Brazilian authorities into potential violations of the Human Rights Practices Act. corruption abroad, said the multinational. in a U.S. Securities and Exchange Commission filing Friday.

The US Department of Justice, the SEC and Brazilian regulators are investigating former third-party workers in the Brazilian oil operations of Honeywell and Petróleo Brasileiro SA. The probes focus on a project awarded in 2010.

In a quarterly report filed Friday, North Carolina-based Honeywell said discussions were ongoing and at different stages with respect to each of the investigations, and there …

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