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Honeywell to pay $120 million to settle bribery charges

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U.S.-based manufacturer Honeywell International Inc. has agreed to pay about $120 million to settle bribery charges over its business in Brazil, Reuters reported. The case involves bribes that Honeywell paid between 2010 and 2014 to a high-ranking official at Brazil's oil firm Petroleo Brasileiro SA to secure business.

 

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