ABB’s (NYSE:ABB) ongoing corruption case in South Africa is likely to end as soon as next week, as reported by the Wall Street Journal. The industrial and transport technology provider is likely to pay nearly $325 million to settle a case with the South African authorities in which it has been accused of bribery. ABB won a contract in 2015 to provide infrastructural technical support to the Kusile Power Station in South Africa. During its tenure as a contractor with Kusile, the company has been involved in a bribery case involving Kusile’s owner, Eskom, and a few other contractors. The deal marks the company’s third brush with U.S. anti-bribery laws.
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