RTX Agrees to Pay Over $950 Million to Settle Fraud and Bribery Allegations

Reported about 1 month ago

RTX Corporation, formerly Raytheon, has agreed to pay more than $950 million to resolve allegations of defrauding the government and engaging in bribery to secure contracts in Qatar. The settlement includes civil penalties, criminal fines, and restitution for inflated billing and alleged bribes to a Qatari military official from 2012 to 2016. As part of the resolution, RTX will implement compliance measures and demonstrated good conduct over the next three years.

Source: YAHOO

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