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Under the agreement filed in U.S. District Court in Cleveland, the government will hold off prosecuting two counts of violating anti-bribery and record-keeping laws and will drop the charges in three years if Diebold abides by the terms. The agreement requires Diebold to cooperate with the government and implement internal controls. In addition, the company must keep a compliance monitor for at least 18 months to oversee Diebold's operations. "Today's settlement agreement is an important step for the company moving forward," Diebold spokesman Michael Jacobsen said in an email statement. "It's imperative for Diebold to recognize these issues head on, acknowledge responsibility, put the FCPA (Foreign Corrupt Practices Act) investigation period behind it and get on with the business of managing the company." The company cannot comment on any action taken against those responsible, Jacobsen said.
[Associated
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