International brewing giant Anheuser-Busch InBev has agreed to pay $6 million to settle claims that its joint venture in India used third-party promoters to bribe government officials in an effort to boost sales and production of the corporation’s beers in the country, the U.S. Securities and Exchange Commission announced Wednesday.
The settlement also satisfies the SEC’s civil claims that AB InBev stifled a whistleblower, using financial penalties related to a nondisclosure agreement to deter the employee from contacting the commission about alleged violations of the Foreign Corrupt Practices Act.
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