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Food & Beverage

Tyson to Pay $5.2 Million to Settle Mexico Payment Claims

February 14, 2011
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The Associated Press reports, Tyson Foods Inc. is paying $5.2 million to settle with the U.S. government over claims that its Mexican poultry subsidiary made payoffs to get products certified for export. Tyson says it voluntarily reported that Tyson de Mexico made improper payments of more than $100,000 to two Mexican government veterinarians who certified chicken products for export in 2007. The government found the payments violated the Foreign Corrupt Practices Act. Tyson is signing a deferred prosecution agreement and will pay $4 million to the Department of Justice and another $1.2 million to the Securities and Exchange Commission. Tyson said it has strengthened its compliance program with anti-bribery laws and will report its efforts to the government for two years. If the company remains in compliance with the conditions of the agreement for two years, the Justice Department will dismiss the charges. Tyson neither admitted nor denied wrongdoing in the settlement with the SEC but did agree to refrain from future violations of the anti-bribery law.
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