Violation Tracker Individual Record

Company: 
Novartis Hellas S.A.C.I. et al.
Current Parent Company: 
Novartis
Penalty: 
$233,000,000
Year: 
2020
Date: 
July 25, 2020
Offense Group: 
competition-related offenses
Primary Offense: 
Foreign Corrupt Practices Act
Violation Description: 

A subsidiary of Novartis agreed to pay $233 million in criminal penalties to resolve allegations that it bribed employees of state-owned and state-controlled hospitals and clinics in Greece and falsely recorded improper payments relating to the corrupt scheme and similar conduct.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
deferred prosecution agreement
HQ Country of Parent: 
Switzerland
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
pharmaceuticals
Specific Industry of Parent: 
pharmaceuticals
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.