Violation Tracker Individual Record

Company: 
Olympus Corp. of the Americas
Parent Company: 
Olympus
Penalty: 
$646,000,000
Primary Offense: 
kickbacks and bribery
Secondary Offense: 
Foreign Corrupt Practices Act
Violation Description: 

The largest U.S. distributor of endoscopes and related equipment agreed to pay $623.2 million to resolve criminal charges and civil claims relating to a scheme to pay kickbacks to doctors and hospitals. A subsidiary of the distributor agreed to pay $22.8 million to resolve criminal charges relating to the Foreign Corrupt Practices Act in Latin America.

Year: 
2016
Date: 
3/1/16
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
civil and criminal: deferred prosecution agreement
Prosecution Agreement: 
deferred prosecution agreement
HQ Country of Parent: 
Japan
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
electrical and electronic equipment
Source Notes: 
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