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Avon executive fired in bribe inquiry

Associated Press

  February 01, 2012

Avon Products Inc. has fired its vice chairman and former chief financial officer in the latest move related to its long-running investigation involving possible bribes overseas and its disclosures to Wall Street analysts. The beauty products seller said in a regulatory filing late Monday that Charles W. Cramb was let go in connection with its inquiry into possible violations of the Foreign Corrupt Practices Act involving payments made overseas. It’s the highest ranking position to be affected by the investigation.

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