Violation Tracker Individual Record
Company:
Olympus Corp. of the Americas
Current Parent Company:
Olympus
Penalty:
$646,000,000
Year:
2016
Date:
March 1, 2016
Offense Group:
competition-related offenses
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.
Level of Government:
federal
Action Type:
agency action
Agency:
Justice Department Criminal Division
Civil or Criminal Case:
civil and criminal
Prosecution Agreement:
deferred prosecution agreement
HQ Country of Parent:
Japan
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
electrical and electronic equipment
Specific Industry of Parent:
imaging products
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.
