Suspected sanctions-busting probe by US hurts BAT share
BAT, which makes Lucky Strike and Dunhill cigarettes, said in March it was aware of the investigation but gave no details
14 April 2020 - 12:56
Bengaluru — British American Tobacco (BAT) is the subject of a US criminal investigation over suspected sanctions-busting, The Times reported on Tuesday, sending the company's shares down more than 5%.
The world's second-biggest tobacco group on Tuesday said it was co-operating with the US department of justice and Office of Foreign Assets Control (Ofac) without elaborating and declined to say whether the case was a criminal investigation...
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