Mondelez Pays SEC $13M To End Indian Unit Bribery Probe

Law360, New York (January 9, 2017, 5:05 PM EST) -- Snack food giant Mondelez agreed on Friday to pay $13 million to the U.S. Securities and Exchange Commission to end allegations that its Cadbury unit in India didn’t properly monitor or record a consultant’s work to prevent potential anti-bribery law violations.

Mondelez International Inc., which owns a host of global snack brands including Nabisco, Ritz and Oreo, agreed to settle the federal regulator’s claims that Cadbury PLC violated the Securities Exchange Act by failing to maintain accurate records and properly oversee the work of an unnamed agent...
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