Honeywell to pay about $200 mln to settle U.S., Brazilian bribery charges

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U.S.-based manufacturer Honeywell International Inc on Monday said it has agreed to pay about $200 million to settle criminal and civil corruption investigations in the United States and Brazil.

on Monday said it has agreed to pay about $200 million to settle criminal and civil corruption investigations in the United States and Brazil.

Honeywell Chairman and Chief Executive Officer Darius Adamczyk said the company is "pleased" to have the matter behind it, noting that it had received full cooperation credit. Later on Monday, Brazil's government confirmed Honeywell's statement by saying the company would pay about 638 million reais to settle the case, with around 70% destined for Petrobras.

 

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