- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2024-12-23T12:00:00
Aviation maintenance services provider AAR Corp. will pay nearly $56 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) when it paid bribes to government officials in Nepal and South Africa.
Illinois-based AAR earned nearly $24 million in illegal profits by paying bribes to obtain and retain business in the two countries from 2015-18, the DOJ said in a press release Thursday.
The company entered into an 18-month non-prosecution agreement with the DOJ and will forfeit $18.5 million. The forfeiture was credited against disgorgement and prejudgment interest totaling more than $29 million.
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