Alcohol Giant AB InBev Fined For Bribery in India
Posted September 29 2016The world’s largest brewer Anheuser-Busch InBev (AB InBev) has been fined $6 million for paying bribes to officials.
AB InBev has been fined $6 million after being caught bribing Indian officials to boost sales of its beer – and then trying to silence a whistleblower by threatening them with a $200,000 fine.
The Securities and Exchange Commission (SEC) of the United States said that AB InBev would pay $6 million to settle charges that an Indian unit of the beer giant made unethical payments to Indian government officials and then threatened a whistleblower who reported the misconduct.