WASHINGTON Jan 13 Chilean-based chemical and
mining company Sociedad Quimica y Minera de Chile SA (SQM)
has agreed to pay more than $30 million to resolve
parallel civil and criminal cases that found it violated the
U.S. Foreign Corrupt Practices Act, the U.S. Securities and
Exchange Commission said on Friday.
SQM made nearly $15 million in improper payments to Chilean
political figures and others connected to them over a seven-year
period, the commission said in a statement. SQM agreed to pay a
$15 million penalty to settle the SEC's charges and a $15.5
million penalty as part of a deferred prosecution agreement
announced in a separate statement on Friday by the U.S.
Department of Justice.
(Reporting by Eric Walsh; Editing by Eric Beech)