Diebold Enters into Deferred Prosecution Agreement and Agrees to $25.2 Million Penalty for Foreign Corrupt Practices Act Violations

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Wednesday, August 10, 2016
Author: 
Bruce Zagaris
Volume: 
30
Issue: 
1
Abstract: 
                On October 22, 2013, the U.S. Department of Justice and U.S. Attorney of the Northern District Ohio announced that Diebold Inc. (Diebold), the Ohio-based provider of integrated self-service delivery and security systems, including automated teller machines (ATMs), has agreed to enter into a deferred prosecution agreement (DPA) and pay a $25.2 million penalty to resolve allegations that it violated the Foreign Corrupt Practices Act.  Its violations included bribing government officials in China and Indonesia and falsifying records in Russia in order to obtain and retain contracts to provide ATMs to state-owned and private banks in those countries.[1]