Ralph Lauren Polo Shirts UK division said

6 million locosounds to eliminate Argentine bribery case

Justice Ralph Lauren Polo Shirts UK division said.

The company received the lenient treatment to its"Considerable"Cooperation in the inquiry and new anti bribery working locosounds polo out for its employees, a globally risk assessment it conducted and other remedial measures.

Firm will pay an $882, 000 penalty to the doj and disgorge about $730, 000 in illicit profits and interest to the investments and exchange commission, the two specialists said.

Ralph lauren did not have Ralph Lauren Outlet UK an anti corruption program or provide training to employees at its part in argentina in the five year period over which the bribes occurred, prosecutors discussed.

The agreement with the sec is the first non requested by prosecution agreement the agency has entered in the foreign bribery context.

Nowadays both agencies have stepped up efforts to enforce the foreign corrupt practices act, a 1970s era law that bars bribes to officials of foreign health systems.

(Revealing by sarah n.Lynch combined with aruna viswanatha;Updating by gerald e.Thomson reuters joualists are subject to an editorial handbook which requires fair delivery and disclosure of relevant interests.
 

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