GOVERNMENT & POLICE NEWS

FYI: Holiday Message From Governor and First Lady

Gov. John P. deJongh Jr. and Cecilia deJongh wish Virgin Islanders a Happy Easter and a Happy Passover.

Video Galleries

 
Currently:Click for Saint Croix, Virgin Islands Forecast

Source Picks

The Bookworm: You'll Want this 'Wanted Woman'

Eric Jerome Dickey excels at making his thriller heroines over-the-top resourceful and steel-tough, and MX-401 is no exception. It’s a miracle that I didn’t rip its pages because I was turning them so fast.

READ ENTIRE ARTICLE
2014-04-18 01:40:43
Innovative Takes Measures Against Heartbleed Bug

Innovative Companies are taking steps to protect customers from the Heartbleed bug, which causes vulnerability for internet users. Fortunately, there have been no incidents involving Innovative customers. The Innovative Information Technology team is undergoing daily preventative measures to prevent Innovative customers from being affected.

READ ENTIRE ARTICLE
2014-04-17 22:43:26
High School Unity Choir Scores Gold in London

The 30 students from the choirs at Ivanna Eudora Kean High School and Charlotte Amalie High School took gold in London's WorldStrides Heritage Festival on Wednesday.

READ ENTIRE ARTICLE
2014-04-17 11:22:22
Local news — St. Croix
CommentLog in or Register to CommentE-mailE-MAILPrintPRINT
Diageo Parent Company to Pay $16M to Settle Bribery Case

Diageo PLC, the London-based parent corporation of Diageo USVI, agreed Wednesday to pay about $16.4 million to settle civil allegations of bribing government officials in India, Thailand and South Korea, the Associated Press reported.

The company did not admit or deny wrongdoing but agreed to refrain from future violations, according to the AP report. Diageo was accused of bribing the officials to get sales and tax benefits for its Johnnie Walker and Windsor Scotch whiskeys and other brands.

The Securities and Exchange Commission on Wednesday announced the settlement with the company, which is the world's largest maker of distilled spirits. The SEC had accused Diageo of paying more than $2.7 million in bribes through subsidiaries in the three countries from 2003 to 2009.

On St. Croix, local representatives of Diageo USVI, the company's distiller of its Captain Morgan's Spiced Rum, said the issue was a corporate, not a local issue and referred questions to the corpration's U.S. headquarters in New York.

The corporation's public relations office issued a statement noting the SEC investigation related to payments involving Diageo’s subsidiaries. Under the settlement Diageo has agreed to pay $13.4 million to the SEC in disgorgement of profits and pre-judgment interest, to pay a $3 million penalty to the SEC, and to cease and desist from committing any further violations.

Advertising (skip)

"Diageo takes the SEC’s findings seriously and regrets this matter," the corporate statement said. "Systems and controls have been enhanced in an effort to prevent the future occurrence of such issues and to reinforce, everywhere the company operates, a culture of compliance and commitment to the principles embodied in Diageo’s Code of Business Conduct."

Diageo opened its Captan Morgan's distillery on St. Croix in November 2010 and earlier this month began construction on a $4 million visitor center.

Read more stories in Local news»»