Wed October 23, 2013
ATM Maker Diebold Agrees To Settlement In Bribery Case
Originally published on Wed October 23, 2013 4:47 am
STEVE INSKEEP, HOST:
NPR's business news starts with a rather large ATM fee.
(SOUNDBITE OF MUSIC)
INSKEEP: The Ohio-based ATM manufacturer Diebold has agreed to a $48 million settlement with the Securities and Exchange Commission and the Justice Department over bribery allegations. The company is accused of spending more than $3 million to bribe bank officials in China, Indonesia and Russia over a five-year period - a violation of the U.S. Foreign Corrupt Practices Act. Transcript provided by NPR, Copyright NPR.