CANBERRA, ACT, Oct. 2 -- Australian Federal Police issued the following media release:
The AFP has finalised a foreign bribery investigation into SMEC International Pty Ltd (SMEC), after SMEC and the AFP agreed to a settlement payment totalling $9 million (pecuniary penalty) under the provisions of the Proceeds of Crime Act 2002 (Cth) (POCA).
The settlement does not involve any admission of liability by SMEC.
The AFP investigation, which is part of Operation Amorce, examined conduct involving SMEC across several jurisdictions, including Sri Lanka and Vietnam.
The AFP initially commenced Operation Amorce in 2013 and executed search warrants in 2015 and 2018.
Following careful consideration of all matters and relevant public interest...