10 Feb '11, 9pm

Chicken giant Tyson fined US$5m for Mexican bribes

Chicken giant Tyson fined US$5m for Mexican bribes

WASHINGTON: US chicken giant Tyson Foods was fined more than five million dollars for bribes paid to two Mexican veterinarians to aid the company's poultry exports, justice and securities officials said on Thursday. The Justice Department said it fined Tyson $4 million for paying the men $90,000 to obtain export certification for products from its Tyson de Mexico (TdM) subsidiary during 2005-2006. In a parallel action the Securities and Exchange Commission penalised the company $1.2 million for violating the US Foreign Corrupt Practices Act, putting the amount of bribes at $100,311. The SEC fine was in the form of "disgorgement", or giving up ill-gotten gains from the bribes, which were put at $880,000. The case involved Tyson de Mexico's three poultry processing plants in Gomez Palacio, in north central Mexico. "Tyson Foods used false books and sham jobs to hide bribe pay...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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channelnewsasia.com 08 Feb '11, 6am

SINGAPORE: A 22-year-old student was on Tuesday fined S$2,000 for perverting the course of justice by bribing a property a...