SEC says aerospace firm AAR settles charges over bribing officials

AAR

19/12/2024 21:40

WASHINGTON, Dec 19 (Reuters) - The Securities and
Exchange Commission said on Thursday that global aerospace
company AAR Corp  AIR.N  agreed to resolve U.S. charges in
connection with two bribery schemes related to Nepalese and
South African officials.
    AAR agreed to pay about $30 million to settle the SEC's
charges, the regulator said in a statement, adding that Deepak
Sharma, a former executive of a wholly owned AAR subsidiary,
also settled SEC charges related to the same schemes.
    

 (Reporting by Kanishka Singh in Washington)
 ((Kanishka.Singh@thomsonreuters.com; +12024508248;))