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Beam Suntory to pay $8M in FCPA case

Jaclyn Jaeger | July 3, 2018

Alcoholic-beverage maker Beam Suntory on July 2 reached an $8 million settlement with the Securities and Exchange Commission to resolve Foreign Corrupt Practices Act charges for improper payments by its Indian subsidiary.

Beam resolved the SEC’s civil charges without admitting or denying the allegations. According to the SEC’s administrative order, from at least 2006 through 2012, Beam’s Indian subsidiary, Beam India, made improper payments to various government officials to obtain or retain business in the Indian market.

“Senior executives at Beam India directed schemes using its third-party sales promoters, distributors, and other third parties in connection with sales, promotions, distribution, and other commercial activities,” the SEC order stated. Illicit payments were made to employees at “government-controlled depots and retail stores and various government offices to increase sales orders,...

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