Tobacco Cos. Pay $28.5M To Settle Bribe Charges

Law360, New York (August 6, 2010, 2:43 PM EDT) -- Tobacco companies Universal Corp. Inc. and Alliance One International Inc. will pay a combined $14 million in criminal fines and disgorge $14.5 million in profits to resolve parallel suits alleging they paid bribes to Thailand and other foreign governments to win business, officials said Friday.

Two subsidiaries of Alliance One each pled guilty in the U.S. District Court for the Western District of Virginia to conspiracy to violate the Foreign Corrupt Practices Act and violations of the anti-bribery and books and records provisions of the acts,...
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