The Office of the Attorney General of Switzerland resolves criminal investigation against ABB
Bern, 2.12.2022 - The Office of the Attorney General of Switzerland (OAG) resolves the criminal investigation against ABB. Namely, it issues a penalty order for an offense against the Art. 102 Par. 2 Swiss Criminal Code (SCC) in connection with Art. 322septies SCC and sentences the company to a fine of 4 million Swiss francs. Simultaneously, the Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) are expected to resolve with ABB in the same context today. The South African law enforcement authorities imposed a fine as of yesterday.