S.E.C. v. Alliance One International, Inc.

The U.S. Securities and Exchange Commission alleged that an international tobacco sales company bribed foreign officials. The SEC charged that the company paid more than $3 million in bribes to officials in Kyrgyzstan, Thailand, Greece, and Indonesia between 1996 and 2004. The company entered into a settlement agreement with the SEC. Although the company did not admit guilt, it agreed to pay a fine of $10 million and to hire an independent monitor to evaluate its recordkeeping and financial reporting policies for a period of 3 years.

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S.E.C. v. Alliance One International, No. 1:10-cv-01319-RMU, US District Court for the District of Columbia (2010).

  • United States
  • Aug 6, 2010
  • US District Court for the District of Columbia

Parties

Plaintiff U.S. Securities and Exchange Commission

Defendant Alliance One International, Inc.

Legislation Cited

Foreign Corrupt Practices Act of 1977 (FCPA)

Securities and Exchange Act of 1934

Related Documents

Type of Litigation

Tobacco Control Topics

Substantive Issues

Type of Tobacco Product

None