Bio-rad Paying $55m To Resolve Us Bribery Claims

"Public companies that cook their books and hide improper payments foster corruption," Assistant Attorney General Leslie Caldwell said in a statement. The law prohibits bribery of foreign government officials or company executives to secure or retain business. "The actions that we discovered were completely contrary to Bio-Rad's culture and values and ethical standards for conducting business," Bio-Rad President and CEO Norman Schwartz said in a statement.

 

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