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Browse: Home / 2018 / July / 05 / Jim Beam faces SEC hangover after bribery allegations in India – Bloomberg

Jim Beam faces SEC hangover after bribery allegations in India – Bloomberg

By Securities Docket on July 5, 2018, 8:34 am

Beam Suntory Inc. has agreed to pick up a roughly $8 million tab for allegedly bribing government officials for years to make inroads in India’s highly regulated liquor business, the U.S. Securities and Exchange Commission said in a Monday statement. Between 2006 and 2012, the company made illicit payments through third-party sales promoters and distributors to get licenses and secure prominent placements on store shelves, the SEC said.

via Jim Beam faces SEC hangover after bribery allegations in India – SFGate.

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