WASHINGTON (Reuters) – The Securities and Exchange Commission said on Thursday that global aerospace company AAR Corp 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)
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