- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2024-07-24T17:19:00
Prysmian Cables and Systems USA agreed to pay $920,000 to settle allegations it falsified tests and compliance certifications concerning cable it sold to the U.S. military for use in vehicles, the Department of Justice (DOJ) said.
Prysmian will pay $460,000 in restitution and allow the military and DOJ to further audit its books and records, according to its settlement agreement.
The DOJ acknowledged the company’s cooperation in reaching settlement, including promptly notifying the military as required by the Federal Acquisition Regulation after an internal investigation found alleged malfeasance, according to an agency press release Tuesday.
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