Avon Finance Execs in China Involved in Bribery Allegations

Avon has suspended finance executives in China as part of an internal investigation into bribery allegations involving the executives of the beauty products company, reports the Wall Street Journal.

 

An Avon spokeswoman told the newspaper that the company had placed on administrative leave S.K. Kao, general manager of Avon China; Jimmy Beh, the unit's former head of finance; C.Q. Sun, head of corporate affairs in China; and Ian Rossetter, most recently on special assignment as vice president of global finance. Rossetter previously was head of Avon's internal audit, and before that was Avon's head of finance in Asia.

 

The Journal notes that for two years, Avon has been investigating whether certain travel, entertainment and other expenses in China might have been improperly incurred. This latest probe was sparked by an employee who wrote a letter to Avon chairman and CEO Andrea Jung, alleging improper spending related to travel with Chinese government officials.

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern