AAR, Former Executive Settle SEC Bribery Charges for $30 Million

AAR Corp. and one of its former executives agreed to settle Securities and Exchange Commission bribery charges against them stemming from their dealings with Nepalese and South African officials.

Between the disgorgement in this case and criminal penalties associated with the same conduct, AAR owes the government roughly $55 million.

AAR and its subsidiaries provide aviation products and services worldwide, the cease and desist order filed Thursday by the SEC said. They have 5,700 employees and hold approximately $2.8 billion in assets, it said.

The SEC investigated two schemes perpetrated by Deepak Sharma, who worked for an AAR subsidiary on ...