Endoscope Maker Olympus Admits Bribes

The company, a subsidiary of Tokyo-based Olympus Corp., admitted to making various kickbacks and other improper payments from 2006 to 2011, and agreed to pay $646 million to resolve related criminal and civil complaints.

According to the U.S. Attorney's Office in Newark, N.J., which pursued the case, it all could have been avoided if the company had listened to one of its own employees.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles