WASHINGTON (CN) - Oregon-based FLIR Systems, which makes security equipment, bribed Saudi Arabian government officials to get contracts from which it made $7 million, the SEC claims in court.
FLIR will pay $9.5 million to settle the Foreign Corrupt Practices Act violations, the SEC said.
While it was paying the bribes, FLIR was under a 2002 cease-and-desist order from a settled accounting fraud case, according to the new cease-and-desist order, issued Wednesday.
It gave Saudi Arabia Ministry of Interior officials a 20-day "world tour" at luxury hotels, other foreign vacations, watches, alcohol and other gifts, and used a "false cover story" to duck honest accounting, the SEC says.
Subscribe to Closing Arguments
Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.