Chicago-based spirits maker Beam Suntory Inc. agreed Monday to pay more than $8 million to resolve Foreign Corrupt Practices Act charges for improper payments by its Indian subsidiary.… Continue Reading
It was not long ago that Vijay Mallya, a flashy Indian businessman and a former member of parliament, was celebrating his 60th birthday in style in Goa where Latin pop star Enrique Iglesias had been flown in especially for the occasion.… Continue Reading
Anheuser-Busch InBev said this week the SEC is investigating its India joint venture for possible FCPA violations.
The Belgium-based beer company said in an SEC filing it is ‘investigating the conduct in question and cooperating with the SEC.’
The India JV is operated by InBev subsidiary Crown Beers India.… Continue Reading