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U.S. investigating Herbalife over foreign bribery in China

Staff Writer |
The U.S. government is investigating Herbalife over whether it violated foreign bribery laws while conducting business in China, the company said in a regulatory filing.

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Herbalife, in which a billionaire investor and adviser to President Donald Trump is the single largest shareholder, said that the U.S. Securities and Exchange Commission had asked the company for records as part of its civil anti-corruption probe.

The company is conducting its own independent review, and it has also separately discussed the matter with the U.S. Justice Department, which is responsible for investigating criminal violations of the Foreign Corrupt Practices Act (FCPA).

"The company is cooperating with the SEC's investigation and cannot predict the eventual scope, duration or outcome of the matter at this time," Herbalife said.

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