International Flavors and Fragrances disclosed it is investigating potential improper payments made in Russia and Ukraine by an Israeli-based company it acquired last year.
In a Form 10-Q filed Aug. 5, International Flavors and Fragrances (IFF) said it “was made aware of allegations that two Frutarom businesses operating principally in Russia and Ukraine made certain improper payments, including to representatives of a number of customers.” IFF said it then “promptly commenced investigations of such allegations with the assistance of outside legal and accounting firms.”
