According to the Wall Street Journal, beer maker Anheuser-Bush InBev exited a joint venture in India that was under scrutiny in the U.S. for potential violations of foreign bribery law.
In a securities filing the company said it ended ties in February with a joint venture in India that is the subject of a U.S. investigation into potential violations of the Foreign Corrupt Practices Act, which bars bribery of foreign officials to get or keep business. U.S. authorities are investigating AB’s Indian affiliates, including the joint venture, and whether relationships of agents and employees complied with the FCPA.
AB also said that the Securities and Exchange Commission told the firm it was investigating its affiliates in India.
Jeffrey Newman represents whistleblowers.
