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Violation Tracker Individual Record

Company: Bio-Rad Laboratories Inc.
Current Parent CompanyBio-Rad Laboratories
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $14,350,000
Year: 2014
Date: November 3, 2014
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Violation Description: A California-based medical diagnostics and life sciences manufacturing and sales company, Bio-Rad Laboratories Inc., agreed to pay a $14.35 million penalty to resolve allegations that it violated the Foreign Corrupt Practices Act by falsifying its books and records and failing to implement adequate internal controls in connection with sales it made in Russia.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: healthcare services
Specific Industry of Current Parent: healthcare services
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.