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BABA-W (09988.HK) Reaches USD600 million Agreement With US Department of Justice to End Probe Into Illegal Drug Imports
2026-07-02 08:06:34 The US Department of Justice said BABA-W (09988.HK) and its US payment subsidiary AUS Merchant Services agreed to pay USD600 million to end a federal investigation into whether they failed to prevent the sale and import of illegal drugs and controlled substances. Prosecutors said in a statement that they had reached a non-prosecution agreement with the two companies, emphasizing that the US is committed to holding companies accountable when platforms are used to facilitate the illegal sale of prohibited drugs, related pharmaceutical equipment and other prohibited products within the US.(mn/j)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |