Former WPP chief executive officer Martin Sorrell addresses delegates at the annual Confederation of British Industry conference in central London in 2016. Mr Sorrell quit on April 14, 2018.
Advertising giant WPP PLC, which operates in Kenya, will pay $19 million (Sh2 billion) to resolve US government allegations that it failed to adequately guard against corruption risks in India, China, Brazil and Peru, securities regulators announced Friday.
The American Securities and Exchange Commission (SEC) said an Indian subsidiary of WPP paid as much as $1 million (Sh110 million) in bribes to Indian officials through intermediaries to obtain and retain State business, resulting in about $5.7 million (Sh627 million) in additional profits between 2015 and 2017.
