Johnson Controls, a diversified technology and industrial services provider, disclosed last week in a Form 10-Q filing with the Securities and Exchange Commission that it is investigating potential violations of the Foreign Corrupt Practices Act with respect to its operations in China.
The FCPA allegations are isolated to Johnson Controls marine business in China and date back to 2007, with annual sales during this period ranging from $20 million to $50 million, the company stated in a May 2 securities filing. No further details were provided on the matter.
