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Violation Tracker Individual Record

Company: Novartis Hellas S.A.C.I. et al.
Current Parent Company: Novartis
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $233,000,000
Year: 2020
Date: July 25, 2020
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Mega-Scandal: Healthcare Kickbacks
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 Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.