The US publicly traded network marketing company Herbalife has now admitted to paying bribes to Chinese government officials. In this regard, Herbalife has agreed to pay fines totaling more than $ 123 million. The U.S. Department of Justice accused Herbalife (NYSE: HLF) of forging books and records and making corrupt payments and benefits to Chinese government officials in order to keep Herbalife's business in China and grow by acquiring 28 direct sales licenses in Chinese provinces can.
New York City state attorneys said they had reached a deferred prosecution agreement with Herbalife on a charge of conspiracy to violate US law on foreign corrupt practices.
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