"The Massachusetts-based company has agreed to pay the U.S. government $2 million for bribing officials in Pakistan, Indonesia and other countries as it tried to sell firearms to military and law enforcement agencies. The Securities and Exchange Commission says the violations took place between 2007 and 2010...In one case, the SEC says Smith & Wesson provided more than $11,000 worth of guns as a gift to Pakistani police officials there. That deal won the gun maker a contract to sell 548 pistols to the police department for a profit of $107,852. While that was the only corrupt contract ultimately fulfilled, the SEC says the company also tried to secure sales contracts by bribing officials at an Indonesian police department, as well as foreign officials in Turkey, Nepal and Bangladesh."
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Smith & Wesson
Smith & Wesson (S&W) is an American manufacturer of firearms, ammunition and restraints. The corporate headquarters are in Springfield. Smith & Wesson was founded in 1852 and is now a unit of American Outdoor Brands Corporation.
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