U.S. prosecutors criminally charged two former executives of Herbalife Nutrition...
) Chinese unit with running a decade-long scheme to bribe Chinese government officials to win business and evade regulatory scrutiny, a person familiar with the matter said.
Li, the former head of Herbalife’s Chinese unit, and Yang, who led its external affairs department and reported to Li, were charged by the U.S. Department of Justice with conspiring to violate the Foreign Corrupt Practices Act by orchestrating the bribes and circumventing Herbalife’s accounting controls.
Lawyers for the defendants could not immediately be identified. Herbalife did not immediately respond to requests for comment. Authorities said the bribes included cash, entertainment, meals and travel, and Yang’s department reimbursed employees more than $25 million for entertaining and gift-giving.
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