World Bulletin / News Desk
British American Tobacco is being investigated for possible fraud regarding company activities in Africa, it announced on Tuesday.
"We have been co-operating with the Serious Fraud Office and British American Tobacco has been informed that the SFO has now opened a formal investigation," BAT said in a statement.
The BBC in 2015 had reported that BAT allegedly paid bribes to officials in east Africa. The claims were immediately denied by the London-based tobacco giant.
Tuesday's update comes shortly after BAT completed its takeover of US peer Reynolds American.
BAT, whose cigarette brands include Lucky Strike, Dunhill and Kent, has paid almost $50 billion (42 billion euros) for control of Reynolds in a move that targets the lucrative United States market and the fast-growing e-cigarette sector.
The transaction, which was completed last month, added cigarette brands including Camel and Newport to BAT's portfolio.Güncelleme Tarihi: 01 Ağustos 2017, 11:41