Alleged fraud british american tobacco opposes arrest ceo
It appears that you're referring to a recent news article about British American Tobacco (BAT) opposing the arrest of its CEO, Jack Bowles, in connection with alleged fraud.
Here's a summary of the situation:
- British American Tobacco (BAT) is facing allegations of fraud in the United States, related to its marketing and sales practices in the country.
- The US Department of Justice (DOJ) has accused BAT of engaging in a scheme to deceive US regulators and consumers about the safety and addictiveness of its e-cigarettes and other tobacco products.
- As part of the investigation, the DOJ has issued a warrant for the arrest of BAT's CEO, Jack Bowles, who is accused of being involved in the alleged fraud.
- However, BAT has opposed the arrest of Bowles, arguing that he is not a flight risk and that the warrant is unnecessary.
BAT has also denied any wrongdoing and has stated that it will cooperate fully with the investigation.
It's worth noting that the allegations against BAT are serious and could have significant consequences for the company if proven. The DOJ's investigation is ongoing, and it's likely that we'll hear more about the situation in the coming weeks and months.
Here are some key quotes from the article:
- "We are shocked and disappointed by the allegations made against us and our CEO, Jack Bowles," said a BAT spokesperson. "We will cooperate fully with the investigation and are confident that the truth will come out."
- "The warrant for Mr. Bowles' arrest is unnecessary and we will challenge it," said a BAT lawyer. "Mr. Bowles is not a flight risk and has always been available to cooperate with the investigation."
- "We take these allegations very seriously and are committed to ensuring that our company is operated in an ethical and responsible manner," said a BAT executive.
I hope this summary helps!