Jul. 11, 2012
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Orthofix International Agrees to Pay $7.5 Million to the SEC and DOJ to Settle Charges that It Bribed Mexican Officials with “Chocolates”
- Joseph StoryAnti-Corruption Report
In a July 10, 2012 complaint, the SEC charged a Texas-based medical device company, Orthofix International N.V., with engaging in a seven-year bribery scheme involving its Mexican subsidiary Promeca S.A. de C.V. (Promeca). The SEC alleges that Promeca employees referred to the bribe payments, which totaled over $300,000, as “chocolates.”
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