United States: U.S. says Herbalife to pay $123.1 million to resolve China bribery case

Herbalife Nutrition Ltd will pay $123.1 million to settle criminal and civil charges it bribed Chinese officials in government agencies and media outlets to boost its business in China, the U.S. Department of Justice said on Friday.

The multi-level marketing company, whose products include dietary supplements, entered a three-year deferred prosecution agreement in which it admitted to conspiring to violate the books and records provision of the Foreign Corrupt Practices Act, an anti-bribery law.

Authorities said Herbalife schemed from 2007 to 2016 to bribe Chinese officials with cash, entertainment, meals, and travel to obtain direct selling licenses, reduce government scrutiny, and suppress negative coverage by state-controlled media.

The original full article can be found at reuters.com

(Photo: REUTERS/Mike Blake)

 

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