Novartis AG, Novartis Hellas S.A.C.I. and Alcon Pte Ltd have agreed to a payment of more than $345 million to resolve violations of the Foreign Corrupt Practices Act.
According to a U.S. Department of Justice press release, Novartis Hellas S.A.C.I. (Novartis Greece), a subsidiary of Novartis AG, engaged in a scheme to bribe employees of state-owned and state-controlled hospitals and clinics in Greece to increase the sale of Novartis-branded pharmaceutical products. The company specifically paid these employees to travel to international medical congresses as a means to bribe them in (Read more...)
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