REAL-SEC-2024-002·US SECURITIES AND EXCHANGE COMMISSION·
Global Aerospace Company AAR and Former Executive of its Subsidiary Settle Charges for Bribing Nepalese and South African Officials
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Report an error or privacy concernJURISDICTIONUNITED STATESJURISDICTIONNEPALJURISDICTIONSOUTH AFRICASECTORAEROSPACE & DEFENCESTAGESETTLEMENT
Summary
AAR Corp. and a former subsidiary executive settled SEC FCPA charges concerning bribery schemes in Nepal and South Africa. The SEC said a third-party agent was used in connection with an aircraft sale to state-owned Nepal Airlines and that a second scheme involved a South African Airways subsidiary. The Nepal aircraft contract was valued at approximately US$210 million, according to the SEC.