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Stock impact report

Brazil's Ambev calls bribery allegations 'false and incoherent' [Reuters (UK)]

Ambev SA ADS (ABEV)  More Company Research Source: Reuters
Last ambev sa ads earnings: 2/28 04:00 pm Check Earnings Report
PDF Brazil's Ambev calls bribery allegations 'false and incoherent' - Reuters 2 Min Read RIO DE JANEIRO/SAO PAULO (Reuters) - Brazil’s Ambev SA ( ABEV3.SA ) on Thursday denied a report that the beverage giant had made “inappropriate payments” to two former presidents to prevent an increase in beverage taxes, calling the allegations “false and incoherent.” Brazilian newspaper Estado de S. Paulo earlier reported that Antonio Palocci, a jailed former finance minister, had said in plea bargain testimony that the company made the payments to former presidents Luiz InAAcio Lula da Silva and Dilma Rousseff. Palocci said he also received payments from the firm, according to the newspaper, which said it was the first time that Ambev, the Latin American and Canadian subsidiary of Anheuser Busch Inbev NV ( ABI.BR ), has been caught up in the multi-year corruption probe known as Operation Car Wash. In a statement to Reuters, Ambev vigorously denied what it described as “false and incoherent” alle [Read more]
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