Avon Says It Probes Possible Corruption After Firing Four
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Avon Products Inc., the world’s largest door-to-door cosmetics merchant, is probing possible corruption in other countries after firing four executives over bribes to officials in China, it said in a regulatory filing.
The company suspended the four in April 2010 as part of an internal investigation into its compliance with the U.S. Foreign Corrupt Practices Act. The executives included the general manager and finance chief of the company’s China unit, which generates 2 percent of Avon’s revenue. Other employees could be affected, according to the May 3 filing.