INTERNATIONAL FLAVORS & FRAGRANCES INC. IFF has agreed to pay the European Commission a €15.9M fine to settle a charge relating to the destruction of evidence during the Commission's industry investigation of suspected anti-competitive conduct in the supply of fragrance and fragrance ingredients.
When the investigation began in March 2023, a now-former Scent employee deleted messages relevant to the investigation from their mobile phone, contrary to the explicit instructions of IFF's Legal Department and the Commission. IFF quickly helped the Commission recover the deleted messages.
This former employee's actions-which violated IFF policy and legal guidance-are not tolerated. We stand firm in our commitment to ethical conduct and adherence to the law.
This settlement does not represent a conclusion to the antitrust investigation, which is ongoing. We are working closely with relevant authorities and cooperating with their industry investigation.
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IFF - International Flavors & Fragrances Inc. published this content on 24 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2024 10:02:11 UTC.
