BREAKING NEWS

U.S. charges two former Herbalife executives in China in bribery scheme - person familiar

U.S. charges two former Herbalife executives in China in bribery scheme - person familiar
FILE PHOTO: A Herbalife sign is shown on a building in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake -
Copyright
MIKE BLAKE(Reuters)
Text size Aa Aa

(Reuters) – Two former executives of a Chinese unit of Herbalife Nutrition Ltd <HLF.N> were criminally charged on Thursday over an alleged scheme to pay bribes and circumvent the company’s internal accounting controls, a person familiar with the matter said on Thursday.

Yanliang Li, also known as Jerry Li, and Hongwei Yang, also known as Mary Yang, were each charged with conspiring to violate the Foreign Corrupt Practices Act, an anti-bribery law. Li was also charged with perjury and destroying records. Both are at large.

The charges were announced by the U.S. Department of Justice. The person familiar with the matter confirmed that Li and Yang worked for Herbalife’s Chinese unit. Herbalife did not immediately respond to a request for comment.

(Reporting by Brendan Pierson and Jonathan Stempel in New York; Editing by Chris Reese)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.