United States: Anheuser-Busch to pay SEC $6 mln to settle bribery charges
Author(s): Suzanne Barlyn | Date: September 30, 2016 | Language: English
Source: http://www.reuters.com/ | URL: https://goo.gl/0aInfM | Type: Text
Anheuser-Busch InBev S.A., the world’s largest brewer, has agreed to pay $6 million to settle charges that it had violated U.S. foreign bribery laws and “chilled a whistleblower,” the U.S. Securities and Exchange Commission said on Wednesday.
An SEC investigation found that a minority-owned joint venture of the Belgium-based company used third-party sales promoters from 2009 to 2012 to make improper payments to officials in India to boost sales and production in that country, the agency said in a statement.
Anheuser-Busch InBev (AB InBev) owned 49 percent of the joint venture, InBev India International Private Limited, at the time.
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