Beam Suntory, other beverage companies find that alcohol and bribes are not a good mix [Forbes]
Diageo plc (DEO)
US:NYSE Investor Relations:
diageo.com/en/investors
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Source: Forbes
Erika Kelton Contributor i Opinions expressed by Forbes Contributors are their own. Markets I write about whistleblower matters involving fraud and other issues. A warm fall night might be a delightful time to relax with a nice cocktail, but beyond booze and ice cubes, your drink might have the flavor of international corruption swirling under the little umbrella in your glass. Beam Suntory and other beverage companies have run afoul of the US anti-bribery law in their efforts to boost sales in Asia. Photo: Yuriko Nakao/Bloomberg. A number of international beverage companies have run afoul of the US Foreign Corrupt Practices Act (FCPA), paying millions to settle bribery charges. The most recent case was against Beam Suntory Inc. , the Chicago-based spirits conglomerate. Beam Suntory agreed in July to pay $8 million to settle charges of Foreign Corrupt Practices Act (FCPA) viola
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