Cisco Says Won’t Face Enforcement Action Over Business in Russiaby
Cisco Systems Inc. won’t face enforcement action from U.S. authorities over a bribery-related investigation involving its business in Russia and nearby countries, according to a regulatory filing Thursday.
The Securities and Exchange Commission and the Department of Justice recently informed the maker of networking gear of the decision, the company said in the filing. At the request of the two agencies, Cisco had looked into allegations of possible violations of the U.S. Foreign Corrupt Practices Act involving its operations in Russia and certain of the Commonwealth of Independent States, and by certain resellers of the company’s products in those countries.
Cisco, based in San Jose, California, disclosed the probe in 2014.