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ZURICH, Switzerland (AP) - ABB Ltd., the Swiss-Swedish electrical engineering giant, said Tuesday that it had notified U.S. authorities of $560,000 in suspect payments by employees of an American subsidiary.
A company statement said the irregularities at the software unit ABB network management were discovered during an internal investigation following the dismissal of two managers from the company in mid-2004.
The payments — to intermediaries in Latin America and in the Middle East — were made in connection with the company's control software for utility customers, the statement said.
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