US agricultural machinery giant Deere has agreed to pay $9.93 million to settle US Securities and Exchange Commission (SEC) charges that its Thai subsidiary provided massage parlor services and other improper gifts to win government business and engage in commercial bribery.

Tuesday's settlement settled charges against Deere's Thai subsidiary Wirtgen, whose senior management and employees made improper payments to officials from agencies such as the Royal Thai Air Force and the Thai Ministry of Highways.

The SEC said that Deere's actions violated the bookkeeping and internal accounting control requirements of the US Foreign Corruption Act.