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September 29, 2015

Hitachi paying $19M to resolve 'improper' payments charges

WASHINGTON (AP) — Hitachi Ltd. has agreed to pay $19 million to resolve U.S. regulators' allegations that it inaccurately reported improper payments it made to South Africa's ruling party to win contracts to build power plants.

The Securities and Exchange Commission announced the settlement Monday with the Japanese conglomerate.


 
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