Tag Archives: Official

• Diageo to pay $16m to settle Asian corruption lawsuit filed by US SEC

Diageo to pay $16m to settle Asian corruption lawsuit filed by US SEC

British spirits major Diageo has consented to pay over $16m to settle the bribery lawsuit filed by US Securities and Exchange Commission (SEC) on charges of potential violations of the US Foreign Corrupt Practices Act (FCPA). The US SEC alleged that, during 2003-2009, the spirits company’s divisions in India, South Korea and Thailand made payments […]