Quebec firm to pay $10 million to avoid charges over bribes promised to Philippine officials
'No one implicated is involved with the company today. The conduct in question occurred more than five years ago'
Stay updated with breaking news from Ultra Electronics. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
'No one implicated is involved with the company today. The conduct in question occurred more than five years ago'
The deal between Ultra Electronics Forensic Technology Inc. and federal prosecutors has been approved by the Superior Court of Quebec.
A Quebec forensics company promised millions of dollars in bribes to officials in the Philippines, including a cabinet minister and his brother, as it sought lucrative police contracts, according to a statement of facts attached to a deal the firm struck to avoid prosecution in Canada.
Castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
Ultra Electronics Holdings plc (LON:ULE – Get Rating)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,500 ($43.53) and traded as low as GBX 3,493.05 ($43.45). Ultra Electronics shares last traded at GBX 3,500 ($43.53), with a volume of 1,110,150 shares […]