Limitations regarding the use of quotes
The quotes provided here reflect statements from a specific decision. Accordingly, the International Legal Consortium (ILC) cannot guarantee that an appellate court has not reversed a lower court decision which may influence the applicability or influence of a given quote. All quotes have been selected based on the subjective evaluations undertaken by the ILC meaning that quotes provided here may not accurately or comprehensively represent a given court’s opinion or conclusion, as such quotes may have originally appeared alongside other negative opinions or accompanying facts. Further, some quotes are derived from unofficial English translations, which may alter their original meaning. We emphasize the need to review the original decision and related decisions before authoritatively relying on quotes. Using quotes provided here should not be construed as legal advice and is not intended to be a substitute for legal counsel on any subject matter in any jurisdiction. Please see the full limitations at https://www.tobaccocontrollaws.org/about.
The U.S. Securities and Exchange Commission (SEC) charged four employees of a company that sold tobacco internationally with bribing foreign officials. The SEC alleged that the employees paid several million in bribes over a period of nine years to officials in Kyrgyzstan and Thailand in order to purchase tobacco for the company’s customers. The four employees entered into a settlement agreement with the SEC. Although the employees did not admit guilt, the settlement agreement prohibits them from any future bribes, acts of corruption, or improper recordkeeping in violation of federal law. In addition, two of the employees were fined $40,000 each.