December 2012 Archives

Drug maker Eli Lilly hit with foreign bribery charges

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Drug maker Eli Lilly has agreed to pay more than $29 million to settle charges that four of its international subsidiaries paid bribes to win business, the Securities and Exchange Commission announced Thursday.
The SEC charged Eli Lilly (LLY, Fortune 500) with violating the Foreign Corrupt Practices Act due to payments made to government officials and associates by the company's subsidiaries in Russia, Brazil, China and Poland.

Drug maker Eli Lilly hit with foreign bribery charges

|
Drug maker Eli Lilly has agreed to pay more than $29 million to settle charges that four of its international subsidiaries paid bribes to win business, the Securities and Exchange Commission announced Thursday.
The SEC charged Eli Lilly (LLY, Fortune 500) with violating the Foreign Corrupt Practices Act due to payments made to government officials and associates by the company's subsidiaries in Russia, Brazil, China and Poland.