September 28, 2015

Hitachi Ltd.

Foreign Corrupt Practices Act

SANCTION AMOUNT: $19,000,000

Defendants: Hitachi Ltd.

Settlement of allegations that Hitachi sold a 25-percent stake in a South African subsidiary to a company serving as a front for the African National Congress (ANC), permitting the ANC to share in profits from power station contracts that it awarded. Hitachi was ultimately awarded two such contracts and paid the ANC's front company approximately $5 million in "dividends" and an additional $1 million in "success fees" that were inaccurately booked.

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