Earl's View

UK medical device maker Smith & Nephew paying $22.2M to settle US foreign bribery allegations – The Washington Post.

UK medical device maker Smith & Nephew paying $22.2M to settle US foreign bribery allegations

WASHINGTON — British orthopedics maker Smith & Nephew has agreed to pay $22.2 million to settle U.S. criminal and civil allegations that it bribed doctors employed by the Greek government for more than a decade to win business, U.S. authorities said Monday.

Smith & Nephew’s agreements with the Justice Department and the Securities and Exchange Commission are the government’s latest action stemming from its investigation into bribery by medical device companies of doctors employed by governments overseas.

In a similar case last April, health care giant Johnson & Johnson agreed to pay $70 million to settle civil and criminal charges of bribing doctors in Europe and paying kickbacks to the Iraqi government to obtain business.

View original post 580 more words

Advertisements