Deere to pay $10M over Thai subsidiary bribery allegations

The SEC’s investigation revealed that Wirtgen Thailand, a subsidiary of John Deere, engaged in a scheme to bribe officials in the Thai government to secure contracts. This scheme involved providing cash payments, gifts, and other benefits to government officials. The SEC found that these bribes were made to secure favorable treatment in government procurement processes. The SEC’s investigation also revealed that Wirtgen Thailand’s actions violated the FCPA, which prohibits U.S.

The SEC investigation revealed that the bribery scheme involved a complex web of shell companies and offshore accounts. This intricate network allowed the officials to conceal their illicit activities and evade detection. The SEC also found that the bribery scheme was not limited to Thailand, with evidence suggesting that similar practices were occurring in other countries. The SEC investigation found that the bribery scheme was orchestrated by a senior executive at Deere, who was responsible for overseeing the company’s operations in Asia.

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