Action against Respondent, a high-technology manufacturer, for alleged violations of the FCPA’s anti-bribery, books and records, and internal accounting controls provisions.  According to the SEC, Respondent, through its wholly owned subsidiary, made improper payments to Azerbaijani officials to influence sales of Respondent’s elevator equipment.  The SEC further alleges that one of Respondent’s joint ventures made payments to a sales agent despite knowing that the agent would likely use the funds to improperly pay a Chinese official in exchange for confidential information regarding a sales opportunity.  According to the SEC, Respondent, through a division and a subsidiary, also provided improper trips and gifts to foreign officials of various Asian countries.  Respondent has agreed to pay disgorgement of $9,067,142, prejudgment interest of $919,392, and a civil penalty of $4 million.

SEC Order 

SEC Press Release