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Caught bribing the Chinese

Bloomberg News reported that 3M Corp. will pay more than $6.5 million to settle Securities and Exchange Commission allegations that it tried to hide payment to Chinese government officials

  • Includes paying for vacations to US and Australian cities, including 24 trips
  • Also paid for shopping sprees
  • Violated the Foreign Corrupt Practices Act
  • 3M neither admitted nor denied the allegations

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