Pivnoe Delo
abbey-beer-icon

pivnoe-delo_logo5

Top articles

Journals

Anheuser-Busch to pay US SEC $6 million to settle India bribery charges

SEC investigation found that Anheuser-Busch InBev SA used third-party sales promoters to make improper payments to officials in India to boost sales and production.

A man walks past the logo of Anheuser-Busch InBev at the brewer's headquarters in Leuven, Belgium February 26, 2014. REUTERS/Francois Lenoir/File photo

A man walks past the logo of Anheuser-Busch InBev at the brewer's headquarters in Leuven, Belgium February 26, 2014. REUTERS/Francois Lenoir/File photo

Brewing company Anheuser-Busch has agreed to pay $6 million to settle charges that it violated US anti-bribery laws and also "chilled a whistleblower," the US Securities and Exchange Commission said on Wednesday.

An SEC investigation found that Anheuser-Busch InBev SA used third-party sales promoters to make improper payments to officials in India to boost sales and production, the SEC said.

The company also entered into an agreement with a departing employee prohibiting the person from continuing to communicate with the SEC about potential anti-bribery law violations, the agency said.

A spokeswoman for Anheuser-Busch InBev SA, which neither admitted nor denied the SEC's findings, could not be immediately reached for comment.

Anheuser-Busch had inadequate internal accounting controls to detect and prevent the improper payments, despite repeated complaints from employees, the SEC said. The company also failed to ensure that transactions involving the promoters were recorded properly in its books and records.

29 Sep. 2016

Advertising

pilsena_en
gea
sidel100x100
jg
portinox

Main topics

Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Search in posts
Search in pages
Search in groups
Search in users
Search in forums
Filter by Custom Post Type
Filter by Categories
Home
Magazines
News
×