Coca-Cola faces accounts probe

From The Publican

16-Jul-2003

Related topics: Company & City News

Coca-Cola is facing a legal probe into its US finances after a former employee claimed the soft drinks giant falsified its accounts.

 

The company has pledged to fully co-operate with a criminal investigation launched by the US Department of Justice. The probe relates to a series of claims made by Matthew Whitley, a former employee sacked by Coca-Cola in March.

 

Mr Whitley, who is claiming $44m compensation following his dismissal, claims that marketing budgets for a Frozen Coke drinks promotion run in US Burger King outlets were fraudulently stated. Burger King has withdrawn the product from sale.

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