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Tyson Foods settles bribery charges

When top executives of Tyson Foods discovered that the company’s Mexican chicken plants were paying bribes to government inspectors, they not only allowed the practice to continue, they formed a committee to find a more acceptable way to make the illicit payments, according to federal court documents released on Thursday.

From the New York Times:

When top executives of Tyson Foods discovered that the company’s Mexican chicken plants were paying bribes to government inspectors, they not only allowed the practice to continue, they formed a committee to find a more acceptable way to make the illicit payments, according to federal court documents released on Thursday.

Federal officials announced that Tyson agreed to pay $5.2 million in fines and other penalties to settle enforcement actions by the Justice Department and the Securities and Exchange Commission, which included criminal and civil charges under the Foreign Corrupt Practices Act.

In the settlement, the Justice Department agreed not to prosecute the company if it carried out policies to prevent similar cases from occurring. Tyson is one of the world’s largest producers of poultry, beef and pork, with revenue of $28 billion in its last fiscal year.

Tyson Settles U.S. Charges of Bribery

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