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Company: ABB Middle East & Africa Participations AG
Current Parent Company:
ABB Ltd.
Parent at the Time of the Penalty Announcement:
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Penalty: $53,000,000
Year: 2001
Date: April 12, 2001
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: bid-rigging
Mega-Scandal:
Price Fixing
Violation Description: ABB Middle East &Africa Participations AG, a Milan-based, Swiss subsidiary of ABB Asea Brown Boveri Ltd., pleaded guilty and was sentenced to pay a $53 million fine for participating in a conspiracy to rig bids on a construction contract funded by the United States Agency for International Development in Egypt.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: utilities and power generation
Specific Industry of Current Parent: power systems
Source of Data:
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Archived Source:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.
