3M has agreed to pay more than $6.5 million to settle U.S. charges that its Chinese subsidiary secretly sent Chinese officials on paid trips to the United States and Australia in an effort to boost company sales.
From at least 2014 to 2018, the Minnesota-based company’s wholly owned China unit arranged for Chinese health care officials’ overseas travel, sightseeing, and entertainment activities on the pretext that they were attending conferences or marketing activities, the Securities and Exchange Commission (SEC) said on Aug. 25.
