Avon Suspends Four Executives in Bribery Probe

Tuesday, 13 Apr 2010 08:41 AM

 

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Avon Products Inc. has put four executives on administrative leave, including three in China and one in New York, as part of an investigation of bribery allegations.

Beauty products seller Avon on Tuesday confirmed the suspensions, first reported in the Wall Street Journal.

Avon began investigating its China operations in 2008 after it received an allegation that some travel, entertainment and other expenses may have been improper, according to filings with the Securities and Exchange Commission.

Avon spokeswoman Jennifer Vargas says in an e-mail to the AP that the investigation is ongoing and the company hasn't reached any conclusions.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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