iOS app Android app More

Tyson Fined $5.2 Million Over Inspection Bribes At Mexican Plant

The Wall Street Journal    
First Posted: 02/14/11 11:18 AM ET Updated: 05/25/11 07:30 PM ET

The Wall Street Journal:

Tyson Foods Inc. settled with U.S. regulators over allegations that it paid bribes to meat-processing plant inspectors in Mexico.

The Springdale, Ark.-based maker of prepared foods agreed to pay more than $5 million in penalties to the Securities and Exchange Commission and the Justice Department. It entered into a deferred-prosecution agreement that charges Tyson with conspiracy and substantive violations of the Foreign Corrupt Practices Act, a 1977 law that bans bribery of foreign officials. However, the agreement allows the company to avoid prosecution if it complies with certain conditions.

Read the whole story
FOLLOW HUFFPOST FOOD

Filed by Molly Stern  |  Report Corrections