Last updated: October 22. 2013 3:37PM - 398 Views
Associated Press



FILE-In this Monday, Feb. 6, 2006 file photo shows the company headquarters of Diebold Inc. in North Canton, Ohio. The Ohio-based Diebold Inc. maker of ATMs has agreed to pay more than $48 million in penalties and restitution in a federal investigation of overseas bribes. The U.S. government said Tuesday, Oct. 22, 2013 that Diebold has agreed to pay a $25.2 million penalty to resolve an investigation into alleged bribes in China and Indonesia and falsified records in Russia. (AP Photo/Tony Dejak, File)
FILE-In this Monday, Feb. 6, 2006 file photo shows the company headquarters of Diebold Inc. in North Canton, Ohio. The Ohio-based Diebold Inc. maker of ATMs has agreed to pay more than $48 million in penalties and restitution in a federal investigation of overseas bribes. The U.S. government said Tuesday, Oct. 22, 2013 that Diebold has agreed to pay a $25.2 million penalty to resolve an investigation into alleged bribes in China and Indonesia and falsified records in Russia. (AP Photo/Tony Dejak, File)
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(AP) The Ohio-based Diebold (DEE'-bohld) Inc. maker of ATMs has agreed to pay more than $48 million in penalties and restitution in a federal investigation of overseas bribes.


The U.S. government said Tuesday that Diebold has agreed to pay a $25.2 million penalty to resolve an investigation into alleged bribes in China and Indonesia and falsified records in Russia.


The company agreed to pay $22.9 million in restitution and to appoint an independent monitor to oversee its compliance with the law. Diebold acknowledged responsibility but said it cannot comment on any action taken against those involved.


Also, the Securities and Exchange Commission announced a settlement with Diebold of civil charges under the anti-bribery law.


Diebold is based in North Canton. Besides ATMs, it also makes bank security equipment.


Associated Press
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