Ingersoll-Rand settles Oil for Food probe with DOJ, SEC

Newswire

Oct 31 (Reuters) - Ingersoll-Rand Co Ltd said it agreed pay a total of $6.7 million in fines to settle with U.S. federal authorities a probe related to payments made by its foreign units from 2000 to 2003 in connection with the United Nations' Oil For Food Program. The company said it agreed to the entry of a civil injunction in the U.S. Securities and Exchange Commission action and has entered into a three-year deferred prosecution agreement with the U.S. Department of Justice. (Reporting ...

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