U.S. government fines Israeli pharmaceutical company for bribery

Source : 112 Ukraine

Teva Pharmaceutical Industries Ltd. gave bribes to Ukrainian, Russian and Mexican officials to solve civil and criminal proceedings
13:48, 23 December 2016

The U.S. Department of Justice fined Israeli pharmaceutical company Teva Pharmaceutical Industries Ltd. for over USD 283 million, under the charges with bribery in favor of foreign officials. The respective statement may be found on the website of the U.S. authority.

According to the statement, ‘Teva and its subsidiaries paid millions of dollars in bribes to government officials in various countries, and intentionally failed to implement a system of internal controls that would prevent bribery’.

The scandals involved health ministries of Ukraine, Russia and Mexico.

‘No matter where corruption occurs, the FBI and our global partners are committed to diligently rooting out the corruption that betrays the public trust and threatens a fair economy for all,’ said FBI Assistant Director Stephen Richardson.

Ukraine’s Health Ministry so far has not commented on the issue.

Teva Pharmaceutical Industries Ltd. (Teva) is the world’s largest manufacturer of patent protection-less generic pharmaceutical products.

Source: U.S. Department of Justice

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