Panasonic Unit Pays $280Mln to Settle Foreign Bribery Charges - US Justice Dept.
WASHINGTON (Sputnik) - Panasonic Avionics (PAC), a division of the Japanese electronics giant Panasonic, has agreed to pay $280 million in criminal and regulatory penalties to settle charges that it hid bribes to foreign officials as payments to consultants, the US Department of Justice announced in a press release on Monday.