International Corruption Uncovered: Fresenius Will Pay $231M To Settle Charges Of Bribery, Sloppy Bookkeeping
Fresenius Medical Care has agreed to pay $231m to resolve reports of overseas bribery. The US Department of Justice says the dialysis giant paid bribes to health and government officials in Angola and Saudi Arabia, and failed to keep accurate financial records in Angola, Saudi Arabia, Morocco, Spain, Turkey, and several countries in West Africa.
You may also be interested in...
Revisions to DoJ guidelines will let companies off the hook for self-reported overseas bribery charges in many cases. But whether or not to come forward remains a tricky decision.
The federal government has been creative in how it enforces the statute, which targets overseas corruption by US businesses.
Manufacturers of devices and apps focused on reproductive health are still feeling out the import of a recent US Supreme Court decision overturning the federal right to abortion. Some attorneys say the ramifications may be vast.