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
File Number 3-18568
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

Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:


Individual:     $5,264,340.00 Shared:    

Civil Penalty

Individual:     $2,000,000.00 Shared:    

Pre-Judgment Interest

Individual:     $917,498.00 Shared:    

Related Documents:

34-83575-s 02-Jul-2018 Administrative Summary
SEC Charges Beam Suntory Inc. with FCPA Violations
On July 2, 2018, the SEC issued a press release regarding an order issued by the SEC against Beam Suntory Inc., stating: "According to the SEC's order, from 2006 through 2012 Beam's Indian subsidiary used third-party sales promoters and distributors to make illicit payments to government employees to increase sales orders, process license and label registrations, and facilitate the distribution of Beam's distilled spirit products."