SEC Charges Anheuser-Busch With Violating FCPA and Whistleblower Protection Laws

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Brewer Anheuser-Busch has agreed to pay $6 million to the U.S. Securities and Exchange Commission to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) and “chilled” a whistleblower who reported the misconduct.

The company was accused of using third-party sales promoters to make improper payments to government officials in India to increase the sales and production of Anheuser-Busch products there.

In addition, Anheuser-Busch allegedly entered into a separation agreement that stopped an employee from communicating with the SEC due to a substantial financial penalty that would be imposed for violating strict non-disclosure terms.

“Threat of financial punishment for whistleblowing is unacceptable,” said Jane Norberg, Acting Chief of the SEC’s Office of the Whistleblower, in a statement.  “We will continue to take a hard look at these types of provisions and fact patterns.”

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1 Comment

  1. Professor Good Ales » Post Topic » Brew Biz: Werts and All

    […] InBev is no stranger to using political influence to try to dominate markets, as this article from last year states.  As a brew community we owe it to our customers, to our local independent breweries, to […]

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