14th Apr 2020 09:44
(Alliance News) -Â British American Tobacco PLC is under investigation in the US over suspected sanctions breaches, The Times reported on Tuesday.
The Department of Justice and the Office of Foreign Assets Control, which is part of the US Department of the Treasury and enforces US trade sanctions, are investigating "suspicions of breach of sanctions", The Times said.
It is not clear which territory the regulators are focusing on, the newspaper added.
https://www.thetimes.co.uk/article/tobacco-giant-faces-criminal-inquiry-00mpt79rs
BAT shares were down 5.9% at 2,841.50 pence in London on Tuesday. They were down 2.2% at ZAR641.47 in Johannesburg.
By Lucy Heming;Â [email protected]
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