Company Diageo, one of the world's largest producers of alcoholic beverages, brand owner Johnnie Walker, Smirnoff and many others, was accused of dishonest dealing. Now Diageo to pay a fine of $16 million.
The US Securities and Exchange Commission (SEC) accused Diageo in facilitating corruption processes in countries such as South Korea, India and Thailand. It was established that the alcohol manufacturer repeatedly paid bribes, bribing both officials and store managers, in order to increase sales of their products. The amount of 2.7 million US dollars is called - this is how much the company at different times paid for the successful promotion of its business in a dishonest way, most often it was necessary to pay for various permits for the supply of alcohol or the “necessary” volumes of purchases. It is estimated that the increase in sales as a result of illegal activities amounted to about 11.3 million US dollars.
To resolve the issue, the company will have to pay a large fine, in addition, representatives Diageo have already stated that the company will do its best to prevent similar incidents in the future.