21 October 2008

Avon probing allegation of improper expenses

BusinessWeek
Avon Products Inc. on Monday said it has informed federal authorities about an internal investigation into its China operations stemming from an allegation of improprieties related to travel and entertainment expenses.

The cosmetics company said in a statement it has voluntarily told the Securities and Exchange Commission and the U.S. Department of Justice about the investigation, which began in June.

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