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Company: Ingersoll-Rand Company Ltd.
Current Parent Company:
Ingersoll Rand
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $4,220,987
Year: 2007
Date: October 31, 2007
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Violation Description: Ingersoll-Rand agreed to settle allegations that from 2000 through 2003 four of its subsidiaries entered into contracts in which $963,148 in kickback payments were made and $544,697 in additional payments were authorized in connection with sales of humanitarian goods to Iraq under the U.N. Oil for Food Program.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: North Carolina
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: industrial equipment
Specific Industry of Current Parent: industrial equipment
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
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