Ralph Lauren to pay $1.6 million to resolve Argentine bribery case

By Aruna Viswanatha WASHINGTON (Reuters) – Clothing retailer Ralph Lauren Corp will pay more than $1.6 million to settle a criminal and civil investigation of allegations that one of its subsidiaries bribed government officials in Argentina. U.S. authorities agreed not to prosecute the company after allegations surfaced that it bribed Argentinian customs officials in order to clear merchandise, some of it prohibited, the U.S. Justice Department said. …