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NEW YORK - Herbalife Nutrition Ltd has agreed to settle a U.S. criminal case accusing it of bribing Chinese officials, including in government agencies and media outlets, to boost its business in China.
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The multi-level marketing company, whose products include dietary supplements, entered a deferred prosecution agreement to resolve a charge it conspired to violate the federal Foreign Corrupt Practices Act, an anti-bribery law.
US CHARGES TWO FORMER HERBALIFE EXECUTIVES IN CHINA IN BRIBERY SCHEME: PERSON FAMILIAR
Herbalife’s deferred prosecution agreement was disclosed by a federal prosecutor and a lawyer for the company at a hearing on Friday in federal court in Manhattan.
It was not immediately clear how much Herbalife would pay in connection with the settlement.