It was a not-so-sweet day for Mondelēz International Inc., the maker of Oreo cookies. The company says federal investigators have recommended enforcement action against it for alleged bribes paid over operations in India that were bought from Cadbury.
In its annual financial report filed with the U.S. Securities and Exchange Commission last Friday, Mondelēz disclosed that it has received a Wells notice from the SEC indicating the agency staff has recommended an enforcement action for violations of the books and records and internal controls provisions of the Securities Exchange Act.
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