Tyco International Ltd. agreed to pay more than $26 million toresolve U.S. charges that it bribed officials of companiesincluding Saudi Aramco to win contracts.
Tyco Valves & Controls Middle East Inc., a subsidiary ofSchaffhausen, Switzerland-based Tyco, agreed to pay $13.7 millionas part of a guilty plea entered today before U.S. District JudgeClaude Hilton in Alexandria, Virginia, for conspiring to violatethe anti-bribery provisions of the Foreign Corrupt Practices Act,the U.S. Justice Department said in a statement.
In a civil proceeding, Tyco, which makes and sells productsrelated to security, fire protection and energy, agreed to pay$13.1 million under a final judgment with the Securities andExchange Commission, according to the statement.
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