Redflex resolves final US inquiry from 2013 investigation

Following this week’s announcement of a settlement with the City of Chicago, Redflex Traffic Systems (RTSI) says it has resolved all criminal and civil matters in the US arising out of the Company's 2013 investigation into allegations of corruption by former executives. The company has agreed to pay the City of Chicago US$20 million, with $10 million payable by the end of 2017 and the balance to be paid in various annual instalments by the end of 2023, unless extended by the terms of the agreement.
February 7, 2017 Read time: 2 mins
Following this week’s announcement of a settlement with the City of Chicago, 112 Redflex Traffic Systems (RTSI) says it has resolved all criminal and civil matters in the US arising out of the Company's 2013 investigation into allegations of corruption by former executives.

The company has agreed to pay the City of Chicago US$20 million, with $10 million payable by the end of 2017 and the balance to be paid in various annual instalments by the end of 2023, unless extended by the terms of the agreement.

The agreement is in part due to the company’s ‘extensive extensive and thorough cooperation over recent years’, the US Department of Justice said in December 2016.

Redflex will also pay restitution of US$100,000 to the City of Columbus, Ohio.

"Today marks a new beginning for Redflex," said RTSI president and CEO Michael Finn.  "Over the last four years, we took the actions every responsible company would have chosen and enhanced our compliance management, training and oversight functions.
Enforcement

Related Content

  • October 27, 2017
    Berg Insight: Fleet Management in Australia and New Zealand expected to grow in years to come
    The number of Fleet Management (FM) systems in active use is forecasted to grow at a compound annual growth rate of 15.7% from almost 0.7 million units in 2016 to 1.4 million by 2021. The findings come from the latest report from Berg Insight: Fleet Management in Australia and New Zealand - 2nd edition, which also estimates that the penetration rate in the total population of non-privately-owned fleet vehicles used by businesses is estimated to increase from 14.8% in 2016 to 27.8% in 2021.
    Read More
  • February 2, 2012
    A carbon free and accident free Europe by 2015?
    By 2050, the Europe Commission aims to make transport in Europe carbon- and accident-free. Between now and then, however, a significant technological development and deployment effort is needed. Here, Neelie Kroes, European Commission Vice-President for the Digital Agenda, talks about what's being done. In many respects, COOPERS, CVIS and SAFESPOT, set up by the European Commission (EC) to explore the potential of cooperative infrastructure systems, are already legacy projects. Between them, the three devel
    Read More
  • September 30, 2021
    Swarco acquires Dynniq Mobility
    Swarco's Michael Schuch hails 'complementary footprint in terms of product portfolio'
    Read More
  • May 21, 2015
    First pan-London Car Club Action Plan launched
    Around 85 per cent of UK car club members already based in London New plan will help reach new joint target of one million London car club members by 2025 Future growth of car clubs will help improve London’s air quality and reduce congestion in the Capital A new ‘strategy for car clubs’ in London has been launched today (21 May), to encourage residents and businesses across the capital to sign up to car club schemes as an alternative to direct car ownership. The new action plan, jointly developed b
    Read More

Highlighted Content