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Aircraft maintenance firm to pay $14M to settle Latin American bribes case

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A Dallas aircraft maintenance company has agreed to pay $14 million to settle Foreign Corrupt Practices Act charges that it had bribed Latin American officials, the Justice Department said Wednesday.

Dallas Airmotive Inc. said in a statement that a limited number of third-party agents and employees who are no longer with the company had been involved.

The Justice Department said between 2008 and 2012, Dallas Airmotive bribed officials of the Brazilian Air Force, the Peruvian Air Force, the governor's office of the Brazilian state of Roraima and the governor's office of the San Juan province in Argentina.

It said the company used various methods to convey the bribe payments, including by entering agreements with front companies affiliated with foreign officials; making payments to third-party representatives with the understanding that funds would be directed to foreign officials; and directly providing things of value, such as paid vacations, to foreign officials.

The company said in statement, “Ethical and legal compliance are core values of Dallas Airmotive and we are firmly committed to upholding the high standards articulated in our Code of Business Ethics.

“We regret that those standards were breached by a limited number of third-party agents and employees of Dallas Airmotive's business in South America from 2008-2012. These individuals are no longer with the company” and the company's Brazil and South American sales team are operating under new leadership.

The company said also the Justice Department has acknowledged its substantial cooperation with its investigation, as well as the improvements it has made to its compliance and control programs.

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