BAT Corruption, Bribery Probe Is Dropped by U.K. Prosecutors

Guardar
British American Tobacco research and development laboratories in Southampton, U.K. Photographer: Luke MacGregor/Bloomberg
British American Tobacco research and development laboratories in Southampton, U.K. Photographer: Luke MacGregor/Bloomberg

(Bloomberg) --

A bribery probe into British American Tobacco Plc was dropped by U.K. prosecutors who said that they were unable to find sufficient evidence of corruption.

The U.K. Serious Fraud Office said that following “following extensive investigation and a comprehensive review of the available evidence” it closed the case because “evidence in this case did not meet the evidential test for prosecution.

BAT said in a separate statement that it was pleased the probe was dropped and that the company “remains committed to the highest standards in the conduct of its business.”

Guardar