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Edition: U.S. Article Comments (0) Follow Reuters Analyst Research Report Title Price SOUTH KOREA - PUBLIC ELECTRICAL COMPANIES - Graham & Whiteside listing Provider: Graham & Whiteside Limited $440.0 Buy SOUTH KOREA - PUBLIC ELECTRONICS COMPANIES - Graham & Whiteside listing Provider: Graham & Whiteside Limited $440.0 Buy LG Electronics Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis. Provider: Reuters Investment Profile $10.0 Buy Wright Investors Service Comprehensive Report for LG Electronics Incorporated Provider: Wright Reports $75.0 Buy Wright Industry Averages: Electronics (Asia) Provider: Wright Reports $169.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. IBM pays $10 million to settle bribery complaint Tweet Share this NEW YORK (Reuters) - IBM has agreed to pay $10 million to settle a complaint its employees tried to bribe South Korean and Chinese officials with cash, gifts and entertainment in return for business for more than a decade. The U.S. Securities and... Email Print Related News Judge temporarily blocks Wisconsin anti-union law 4:26pm EDT Special report: On borrowed time: budget delays start to hurt Wed, Mar 16 2011 Geithner seeks swift foreclosure pact with banks Tue, Mar 15 2011 Special Report: The Macau Connection Fri, Mar 11 2011 Libyan rebels push west as Gaddafi receives crimes warning Thu, Mar 3 2011 Analysis & Opinion COLUMN – U.S. Libya sanctions: vendors beware â€” and beware of your vendors The FDIC’s WaMu suit Related Topics Technology » Stocks NEW YORK | Fri Mar 18, 2011 3:03pm EDT NEW YORK (Reuters) - IBM has agreed to pay $10 million to settle a complaint its employees tried to bribe South Korean and Chinese officials with cash, gifts and entertainment in return for business for more than a decade. The U.S. Securities and Exchanges Commission alleged employees of IBM Korea and a local joint venture with LG Electronics paid around $207,000 in bribes to South Korean government officials, according to court documents on Friday. IBM employees in China also provided gifts, overseas trips and entertainment to Chinese government officials, it said. The violations of the Foreign Corrupt Practices Act took place between 1998 through 2009, the SEC said in the complaint. The two sides, however, settled with IBM paying a civil penalty of $2 million plus $8 million in other payments, according to a separate court document. IBM did not admit or deny the allegations, it said. Spokesmen at Armonk, New York-based IBM were not immediately available for comment. (Reporting by Ritsuko Ando, editing by Matthew Lewis) Technology Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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