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Switzerland fines engineering giant $4.3 mn over S.Africa bribery
Switzerland fines engineering giant $4.3 mn over S.Africa bribery
Business and Economy
by  AFP

Swedish-Swiss engineering giant ABB has been fined four million Swiss francs ($4.3 million) over bribery linked to the construction of a huge power plant in South Africa, Switzerland announced on Friday. As a result, it said ABB had been slapped with a fine of four million Swiss francs and ordered the group to pay 50,000 Swiss francs for the cost of proceedings.