Alcoholic beverage maker Beam Suntory has agreed to pay $19.6 million to resolve Foreign Corrupt Practices Act (FCPA) charges of improper payments by its Indian subsidiary brought by the Department of Justice.
According to court documents unsealed Tuesday, from 2006 through 2012, Beam India paid bribes and made other improper payments to various Indian government officials in order to obtain or retain business in the Indian market. Further, senior executives at Beam India directed these schemes using third-party sales promoters and distributors.
