Article summary
The US Department of Justice has announced that Herbalife Nutrition Ltd (Herbalife), a US-based publicly traded company, has agreed to pay penalties of more than $US 122m following a US Government investigation into violations of the Foreign Corrupt Practices Act of 1977 (FCPA). Herbalife had, between 2007 and 2016, falsified books and records and provided corrupt payments and benefits to Chinese Government officials to obtain and increase Herbalife’s business in China. Herbalife has entered into a deferred prosecution agreement with the Criminal Division’s Fraud Section and the US Attorney’s Office for the Southern District of New York.
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