Defendant Name:
Beam Suntory Inc.
Defendant Type:
Public Company
SIC Code:
3433
CUSIP:
07373010
Document Reference:
34-83575
Document Details
Legal Case Name
In the Matter of Beam Inc., n/k/a Beam Suntory Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
02-Jul-2018
Document Format
Administrative Proceeding
AAER
3944
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On July 2, 2018, the SEC issued an order against Beam Inc., n/k/a Beam Suntory Inc., stating: "These proceedings arise from violations of the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act of 1977 (the "FCPA") [15 U.S.C. § 78dd] by Beam in connection with conduct at Beam Global Spirits & Wine (India) Private Limited ("Beam India"). Beam makes and sells branded alcoholic beverages worldwide, and Beam India bottled and sold Beam products in India throughout the relevant period. From at least 2006 through 2012, Beam's Indian subsidiary, Beam India, made improper payments to various government officials in connection with obtaining or retaining business in the Indian market. "
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:
Disgorgement
Individual:
$5,264,340.00
Shared:
Civil Penalty
Individual:
$2,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$917,498.00
Shared:
