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Scandal hits AB InBev as it seals The world's biggest brewer has been fined 4.

6million after being caught bribing officials into promoting its beer and then trying to silence a whistleblower by threatening them with a 200,000 fine. On the day it sealed a 79billion mega merger with London listed SABMiller, Budweiser brewer Anheuser Busch InBev was punished for using promoters to bribe Indian officials to boost sales of its beer. Due diligence checks were not carried out on the promoter, but staff tried to cover it up by backdating forms to make it look as though they had been completed. In 2010 and 2011, an employee told AB InBev bosses the promoting company had been 'taking care of' government officials. The employee also questioned the promoter's lack of experience, staff and infrastructure. But instead of looking into the claims, AB InBev sacked the worker, and made them sign an agreement promising to remain silent or face a 192,380 punishment. The worker had also been talking to US investigators but stopped after signing the confidentiality agreement and only passed on information after the investigators issued a legal request. AB InBev staff also attempted to destroy evidence of the bribery. Yesterday, US watchdog the Security and Exchange Commission fined the firm 4.6million for the offences. It marred celebrations as the company sealed one of the biggest mergers in history. The deal will bring together brands including Fosters, Becks and Stella Artois in a brewing giant that will make 30 per cent of the world's beer. After the merger is complete, AB InBev will sell one in every four of the world' s beers. Jane Norberg, SEC whistleblowing chief, said the threat of financial punishment for whistleblowing was pandora like bracelets 'unacceptable'. Kara Brockmeyer, chief of the SEC's foreign corruption division, said: 'Anheuser Busch recorded improper payments by its sales promoters in India as legitimate expenses in its financial accounting, and then exacerbated the problem by including language in a separation agreement that chilled an employee from communicating with the SEC.' AB InBev, which has annual revenues of 43.6billion, yesterday said it was pleased to have resolved the SEC probe and that the US justice department had closed its parallel investigation. The company said Indian employees had since been given extensive training. It said: 'Our employees are encouraged to report any activity that they believe might be a violation of laws, regulations, the code of business conduct, or company policies. 'We remain firmly committed to the highest compliance standards and to growing our business the right way.' Most watched Money videos The new Nissan Qashqai will be in the showrooms from next month Instant karma!: Thief stopped by lorry driver quick thinking Jaguar Land Rover teases the opening of its classic car tour Investing Show: Are stockmarkets too expensive? Is this the best car used jewellery pandora advert ever? Vitara gets CGI treatment Rolls Royce showcases its bespoke capabilities in stylish car Unsettling digital safety advert will make you think twice online The world largest luxury car Machine in Singapore Footage showing the amazing evolution of the Porsche 911 Carrera Should you worry about the election and your investments? jewelry seattle How should investors deal with the UK election result? Investing where to buy pandora bracelets near me Show: John Redwood on whether Trump can deliver Sainsbury's to buy convenience rival Nisa in 130m deal,. Daily Briefing: Possible deal as Scottish Widows in line. Jaguar Land Rover jobs drive for engineers who can create. MARKETS LIVE: FTSE up as David Davis begins Brexit talks. ALEX BRUMMER: Hammond must be heard 'failure to secure. Private equity giant Blackstone backs UK property by. Brexit vote fuelled 146bn betting frenzy in City amongst. Co op Bank in 'advanced talks' with investors over. Women's retailer Bonmarch suffers 40% profits fall as. Britain's holiday rental market booms as the weak pound. MIDAS SHARE TIPS UPDATE: Vital signs are improving at. A surprise surcharge AFTER you have paid it's the. Roaming may now be 'free' when you're abroad but you. 'Brexit is a lose lose proposition, harmful both to. Sainsbury's to buy convenience rival Nisa in 130m deal,. North South divide opens up in buy to let market as study.

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