Ralph Lauren Admits to Bribery in Argentina
- OurStudio
- Apr 22, 2013
- 1 min read
Ralph Lauren Corp. has agreed to pay $1.6 million after finding that its subsidiary in Argentina repeatedly bribed customs officials, federal authorities announced Monday.
The clothing label will pay an $882,000 penalty as part of a non-prosecution agreement with the Justice Department, and will give up roughly $735,000 in illicit profits and interest as part of a non-prosecution agreement with the Securities and Exchange Commission.
Comments