Former CEO of Harris Corporation’s Chinese Subsidiary Pays $46,000 to Settle Alleged FCPA Violations; No Charges for Company -

On September 13, 2016, the Securities and Exchange Commission (SEC) issued a cease¬and-desist order (the “Order”) against Jun Ping Zhang (“Ping”), former chairman and CEO of Hunan CareFx Information Technology, LLC (“CareFx”). CareFx is a Chinese subsidiary of Harris Corporation, a U.S. developer of communications and information technologies. According to the Order, Ping directly or indirectly authorized the payment of between $200,000 and $1 million in improper gifts to government officials at Chinese state-owned hospitals in order to obtain or retain business worth approximately $9.6 million...