UPDATE 1-Alliance One units plead guilty in US bribery case

Fri Aug 6, 2010 1:22pm EDT

* To pay $9.45 mln in fines, disgorge $10 mln of profits

* Bribes paid to win business in Thailand, Kyrgyzstan (Adds details of settlements, countries)

WASHINGTON Aug 6 (Reuters) - Two units of tobacco leaf company Alliance One International Inc (AOI.N) pleaded guilty to violating U.S. anti-corruption laws by paying bribes to win contracts in Thailand and to buy tobacco in Kyrgyzstan.

The U.S. Justice Department said the two units pleaded guilty to three counts each of paying bribes to government officials in those two countries, conspiracy to violate U.S. anti-bribery laws, and violations of books and records provisions of those laws.

Alliance One's Swiss unit was accused of paying bribes to Thai government officials to win contracts with the Thailand Tobacco Monopoly, a government agency. Its Kyrgyz unit was accused of paying bribes to buy local tobacco.

The company agreed to pay $9.45 million in fines. In a related settlement with the U.S. Securities and Exchange Commission, it agreed to disgorge about $10 million in profits.

Alliance One, based in North Carolina, also agreed to cooperate with the Justice Department's continuing probe and hire an independent compliance monitor for at least three years.

The company was formed after Dimon Inc and Standard Commercial Corp merged. The Justice Department said the conduct at issue occurred before that combination.

The Justice Department also said it had reached a plea deal with the Brazilian unit of Universal Corp (UVV.N) over charges related to bribes paid to officials with the Thailand Tobacco Monopoly for the sale of Brazilian tobacco.

That unit agreed to pay a $4.4 million criminal fine and disgorge about $4.5 million in a related settlement with the SEC, according to the Justice Department. The company also agreed to hire a corporate monitor for at least three years. (Reporting by Jeremy Pelofsky, editing by Lisa Von Ahn and John Wallace)

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