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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now