31 Aug 2020 --- US-based Herbalife Nutrition has agreed to pay total penalties of more than US$122 million to resolve the US government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA). This penalty was due to Herbalife’s attempt to falsify books and records and provide corrupt payments and benefits to Chinese government officials, according to the US Department of Justice (DOJ). This was part of a bid to obtain, retain and increase Herbalife’s business in China, notes DOJ. Its verdict includes a criminal penalty of over US$55 million and approximately US$67 million to be paid to the US Securities and Exchange Commission (SEC).
