Tyson Foods to Pay $5.2 Million to Settle U.S. Claims

Tyson Foods Inc. agreed to pay $5.2 million to settle U.S. allegations that a unit of the company bribed officials in Mexico to certify meat exports.

The settlement, announced today by the U.S. Justice Department and the U.S. Securities and Exchange Commission, will resolve criminal charges as well as civil claims filed against Tyson for violating the Foreign Corrupt Practices Act. The settlement must be approved by a federal court in Washington.

“Tyson and its subsidiary committed core FCPA violations by bribing government officials through no-show jobs and phony invoices, and by having a lax system of internal controls that failed to detect or prevent the misconduct,” said Robert Khuzami, director of the SEC’s Division of Enforcement.

In a statement, Springdale, Arkansas-based Tyson said it voluntarily reported the alleged bribery to U.S officials.

To contact the reporter on this story: Tom Schoenberg in Washington at tschoenberg@bloomberg.net.

To contact the editor responsible for this story: David E. Rovella at drovella@bloomberg.net.

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