Juniper Networks is being investigated for possibly violating U.S. laws in foreign business practices.
According to the company's 10-K filed with the U.S. Securities and Exchange Commission (SEC) this week, the router and switch maker is being investigated by the SEC and the U.S. Department of Justice into possible violations of the U.S. Foreign Corrupt Practices Act. Juniper said it is cooperating with the investigations but is unable to predict their duration, scope or outcome.
[OUTTA HERE:CEO leaves Juniper on an upswing]
A company spokesperson declined further comment.
The Foreign Corrupt Practices Act enforces accounting transparency and prohibits U.S. companies from paying bribes to foreign officials to win business. The situation was first reported by Bloomberg.
Juniper's stock was down 5% today.
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This story, "Juniper Being Probed for Foreign Practices" was originally published by Network World.