SEC investigating Cadbury India

United States finance regulator is probing bribery charges against Cadbury India. Kraft Foods Inc. revealed in its regulatory filing that US Securities and Exchange Commission (SEC) has opened an investigation against company for bribe charge in its India operations.

The company said in the filing that it has received an enquiry from SEC about its Cadbury India plant. Cadbury has its manufacturing plants in India in states of Maharashtra, Madhya Pradesh, Karnataka and Andhra Pradesh. SEC is considering a potential violation of Foreign Corrupt Practices Act on the company.

This act prohibits companies to involve in corrupt practices in other nations. World's second largest food company said that inquiries are related to its Cadbury brand, which company bought last year.

Kraft said "The SEC asked for information about the company's contact with Indian government agencies and officials on approvals related to the operation of the facility."  Kraft now said that it is also reviewing operations of Cadbury for food safety, FCPA and antitrust concerns.

This review has uncovered certain facts and circumstances that demand further investigation, according to the company. These facts and circumstances belong to jurisdictions that include India. The company said that they have undertaken investigation.