Showing posts with label Chinese officials. Show all posts
Showing posts with label Chinese officials. Show all posts

Wednesday, March 2, 2016

Qualcomm pays $7.5m to settle China bribery allegations

US chipmaker Qualcomm has agreed to pay $7.5m (£5.4m) to settle allegations it violated bribery laws by hiring younger relatives of Chinese officials.

 Qualcomm logo
According to the US Securities and Exchange Commission (SEC), Qualcomm went to "extraordinary lengths to gain a business advantage".
The probe found the firm also provided gifts, travel and entertainment to try and influence officials.
Qualcomm did not admit or deny the allegations, between 2002 and 2012.

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