Ohio-based ATM maker Diebold to pay $48M in probe

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Associated Press

Posted on October 22, 2013 at 3:02 PM

CLEVELAND (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.

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