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Anheuser-Busch InBev Settles Intercontinental Bribery Charges

Anheuser-Busch InBev is set to pay a $6 million settlement after it was accused of paying off Indian government officials to increase production and sales. So reports CTV News.

U.S. regulators also accused the company of trying to silence an employee who had brought up the issue. “A joint venture, in which Anheuser-Busch InBev had a 49% interest, used third-party sales promoters to make payments to Indian officials in violation of the Foreign Corrupt Practices Act,” the story reads.

The Securities and Exchange Commission alleged Anheuser-Busch InBev had “inadequate internal accounting controls” that would have helped to identify and prevent the payments. The settlement came the same day SABMiller, which produces Miller and Foster beer, announced shareholders signed off on a $103 billion takeover by Anheuser-Busch InBev

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