Tyco paying $26.9M, pleads guilty in bribery cases

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WASHINGTON (AP) — Tyco International Ltd. has agreed to pay nearly $27 million to settle U.S. charges that it bribed officials at government-owned companies in more than a dozen countries.

The Switzerland-based manufacturing conglomerate will pay $13.7 million and pleaded guilty to a criminal charge, the Justice Department said Monday. As part of the settlement, Tyco won’t be prosecuted if it continues to improve its internal controls to prevent bribery.

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