April 13, 2010
The president, chief financial officer and another senior executive at Avon's China operation have been put on leave, according to The Wall Street Journal. The company is investigating an alleged bribery scandal. An Avon official in New York also is involved in the probe.
TRANSCRIPT
STEVE INSKEEP, host:
NPR's business starts with the Avon lady's trouble in China.
(Soundbite of music)
INSKEEP: Avon has suspended several key executives from its China operation. The president, chief financial officer, and another senior executive at Avon's China business were sent out on leave, pending a bribery investigation. A company official in New York is also involved in this probe, and the company is looking into alleged overseas trips for Chinese government officials.
The allegations against Avon executives come on the heels of another bribery case involving a foreign company in China. Four executives of the Australian mining firm Rio Tinto are doing jail time.
Posts
No comments:
Post a Comment