Honeywell International announced in a regulatory filing that it is being investigated by U.S. and Brazilian authorities as to whether the company’s use of third parties in Brazil violated the Foreign Corrupt Practices Act.
“We are cooperating with certain investigations by the U.S. Department of Justice, the U.S. Securities and Exchange Commission, and Brazilian authorities relating to our use of third parties who previously worked for our UOP business in Brazil in relation to Petróleo Brasileiro (Petrobras),” Honeywell said in the July 18 quarterly filing.
