Herbalife Nutrition Ltd has entered a deferred prosecution agreement to settle U.S. government charges it provided corrupt payments and benefits ...
Herbalife Nutrition Ltd has entered a deferred prosecution agreement to settle U.S. government charges it provided corrupt payments and benefits to Chinese officials, including in government agencies and media outlets, to boost its business in China, a federal prosecutor said on Friday.
FILE PHOTO: A Herbalife sign is shown on a building in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike BlakeNEW YORK: Herbalife Nutrition Ltd has entered a deferred prosecution agreement to settle U.S. government charges it provided corrupt payments and benefits to Chinese officials, including in government agencies and media outlets, to boost its business in China, a federal prosecutor said on Friday.
At a court hearing, the prosecutor said Herbalife is being charged with one count of conspiracy to violate books and records provisions of the federal Foreign Corrupt Practices Act.
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