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|Company: ||Ball Corporation |
|Charges: ||Bribing government officials |
|Penalty: || |
The Ball Corporation is a Colorado-based packaging company that provides metal packaging solutions to companies in the food, beverage and household goods sectors; as well as aerospace and other technological services to commercial and governmental customers.
Ball's packaging revenue is derived primarily from contracts with customers such as SABMiller and bottlers of Pepsi-Cola and Coca-Cola brands in Argentina, Brazil, China, Europe, and North America.
On March 24, 2011, Ball was charged with paying at least 10 bribes through its Argentine subsidiary Formametal, S.A. Bribes totaled at least $106,749, and were paid to employees of the Argentine government from July 2006 through October 2007 in order to secure the importation of prohibited used machinery and the exportation of raw materials at reduced tariffs, according to SEC charges.
Ball paid a $300,000 penalty to settle civil FCPA books and records as well as internal control charges brought by the SEC.
Initial Due Diligence plus Ongoing Due Diligence