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.”
Read more here: reuters.com
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