Former China Head of Harris Corporation Pays $46,000 to Settle SEC's FCPA Allegations

On September 13, 2016, Jun Ping Zhang (“Zhang”), former head of Harris Corporation’s (“Harris”) subsidiary in China, agreed to pay $46,000 to settle allegations by the U.S. Securities and Exchange Commission (“SEC”) that Zhang knowingly authorized and facilitated bribes to Chinese government officials at state-owned hospitals and local health departments and caused Harris’s books and records to inaccurately record these payments as legitimate business expenses. The SEC alleged that up to $1 million in improper payments were made during April 2011 and April 2012 and as a result, the China-based subsidiary was awarded over $9.6 million in contracts by state-owned entities.