The US SEC accuses Moog subsidiary of participating in bribery schemes in India, violating the Foreign Corrupt Practices Act

Odaily Planet Daily News: The US SEC announced today that Moog Inc., a global manufacturer based in New York that produces motion control systems for the aerospace, defense, industrial, and medical markets, has agreed to pay a civil fine of $1.1 million for violating the Foreign Corrupt Practices Act (FCPA) through bribery. The US SEC has found that from 2020 to 2022, employees of Moog Motion Controls bribed multiple Indian officials to win business and used various means to make improper payments, including through third-party agents and distributors. These Moog Motion Controls employees also bribed Indian officials in an attempt to make India's open bidding favorable to Moog's products and exclude competitors.