John Deere executives bribed Thai officials with trips to massage parlors: feds
DEJohn Deere(DE) New York Post·2024-09-12 01:00

The maker of John Deere tractors has agreed to pay a 10millionpenaltytotheUSgovernmenttosettlechargesthatitlavishedThailandgovernmentofficialswithextravaganttripsandvisitstomassageparlorsbribesthatnetteditssubsidiarymorethan10 million penalty to the US government to settle charges that it lavished Thailand government officials with extravagant trips and visits to massage parlors — bribes that netted its subsidiary more than 4 million in profit.Deere & Co. came to an agreement on Tuesday with the Securities and Exchange Commission, which charged the company with violating the US Foreign Corrupt Practices Act.The Moline, Ill.-based company did not admit to any wrongdoing nor ...