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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.

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Filed by Molly Stern  |  Report Corrections