Belgium’s Anheuser-Busch InBev SA/NV said in an SEC filing this week that the DOJ has opened an FCPA investigation of the company.
In March this year, InBev disclosed an SEC investigation into the company’s affiliates in India, including a joint venture.
The India JV is operated by InBev subsidiary Crown Beers India with local partner is RKJ Group.
InBev announced a long-term joint venture in India in 2007 with RKJ Group.
Anheuser-Busch InBev SA/NV trades on the NYSE under the symbol BUD.
Its global brands include Budweiser, Stella Artois, and Becks.
Here’s the full FCPA disclosure from the Form 6-K (Report of Foreign Private Issuer) of Anheuser-Busch InBev SA/NV filed with the SEC on July 31:
As previously disclosed, AB InBev have been informed by the SEC that it is conducting an investigation into the company’s affiliates in India, including the company’s nonconsolidated Indian joint venture, InBev Indian Int’l Private Ltd, and whether certain relationships of agents and employees were compliant with the FCPA. AB InBev continues to cooperate in this investigation and has been informed by the Department of Justice (DOJ) that it is also conducting a similar investigation. Our investigation into the conduct in question is ongoing and the company is cooperating with the SEC and the DOJ.