WASHINGTON (Reuters) – The Securities and Exchange Commission said on Thursday that global aerospace company AAR Corp (NYSE:AIR) agreed to resolve U.S. charges in connection with two bribery schemes related to Nepalese and South African officials.
AAR agreed to pay about $30 million to settle the SEC’s charges, the regulator said in a statement, adding that Deepak Sharma, a former executive of a wholly owned AAR subsidiary, also settled SEC charges related to the same schemes.
