Johnson Controls Inc. agreed Monday to pay $14 million to settle SEC charges that it violated the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act….
Also Monday, the DOJ released to the public a declination letter dated June 21 that it sent to Johnson Controls’s lawyers. The DOJ letter said “at this time and consistent with the FCPA Pilot Program, we have closed our inquiry into this matter despite the bribery by employees of JCI’s subsidiary in China.”
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