British American Tobacco faces UK shareholders' lawsuit over North Korea sanctions breaches

British American Tobacco is facing a London ‌lawsuit from shareholders over allegations the cigarette maker failed to properly tell markets about breaches of US sanctions in ‌relation to its business in North Korea. BAT in 2023 agreed to pay more than $635 million to US authorities after a subsidiary admitted ⁠conspiring to violate US sanctions by selling tobacco products to North Korea and commit bank fraud from 2007 to 2017. More than 100 ⁠current and former BAT shareholders filed a lawsuit ag

By The Korea Herald