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Company: AAR Corp.
Current Parent Company:
AAR Corp.
Parent at the Time of the Penalty Announcement:
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Penalty: $26,363,029
Year: 2024
Date: December 19, 2024
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Mega-Scandal:
Foreign Bribery
Violation Description: AAR, a publicly traded aviation services company headquartered in Wood Dale, Illinois, agreed to pay over $26 million to resolve an investigation by the Justice Department into violations of the Foreign Corrupt Practices Act (FCPA) arising from AAR's participation in corrupt schemes to pay bribes to government officials in Nepal and South Africa. The company also reached a separate settlement with the SEC (see separate entry).
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: aerospace and military contracting
Specific Industry of Current Parent: aerospace & military contracting
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.