Herbalife enters deferred prosecution agreement over alleged corruption in China


NEW YORK (Reuters) – Herbalife Nutrition Ltd has entered a deferred prosecution agreement to settle U.S. government charges it provided corrupt payments and benefits to Chinese officials, including in government agencies and media outlets, to boost its business in China, a federal prosecutor said on Friday.

At a court hearing, the prosecutor said Herbalife is being charged with one count of conspiracy to violate books and records provisions of the federal Foreign Corrupt Practices Act.

Source: reuters.com

Leave a Reply

Your email address will not be published. Required fields are marked *