SPRINGFIELD, Mass., July 28 (UPI) -- Gunmaker Smith and Wesson was fined $2 million by the Securities and Exchange Commission for bribing officials in Pakistan, Turkey and other countries to win contracts.
Smith and Wesson was charged with bribing military and police officials between 2007 and 2010 to secure contracts, according to an order filed Monday by the SEC. The gunmaker did not admit or deny any wrongdoing in the case. The agency said that Smith and Wesson also agreed to fire its international sales team.