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Post by bot on Oct 24, 2013 17:26:52 GMT -5
SEC Charges Stryker Corporation With FCPA Violations www.sec.gov/servlet/Satellite/News/PressRelease/Detail/PressRelease/1370540044262The Securities and Exchange Commission today charged a Michigan-based medical technology company with violating the Foreign Corrupt Practices Act (FCPA) when subsidiaries in five different countries bribed doctors, health care professionals, and other government-employed officials in order to obtain or retain business. An SEC investigation found that Stryker Corporation’s subsidiaries in Argentina, Greece, Mexico, Poland, and Romania made illicit payments totaling approximately $2.2 million that were incorrectly described as legitimate
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