Estimated reading time: 0 minutes, 39 seconds

Anheuser-Busch InBev Settles Intercontinental Bribery Charges

Anheuser-Busch InBev is set to pay a $6 million settlement after it was accused of paying off Indian government officials to increase production and sales. So reports CTV News.

U.S. regulators also accused the company of trying to silence an employee who had brought up the issue. “A joint venture, in which Anheuser-Busch InBev had a 49% interest, used third-party sales promoters to make payments to Indian officials in violation of the Foreign Corrupt Practices Act,” the story reads.

The Securities and Exchange Commission alleged Anheuser-Busch InBev had “inadequate internal accounting controls” that would have helped to identify and prevent the payments. The settlement came the same day SABMiller, which produces Miller and Foster beer, announced shareholders signed off on a $103 billion takeover by Anheuser-Busch InBev

Read the full article from CTV News.

Read 3114 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.