(Photo: Corporate Crime Reporter)
Global health science company Nordion Inc. will pay $357,000 to settle charges brought by the Securities and Exchange Commission (SEC) that it violated the Foreign Corrupt Practices Act (FCPA).
The SEC charged that an engineer, Mikhail Gourevitch schemed to bribe Russian government officials and obtain drug approvals for his then-employer while secretly enriching himself.
The SEC also charged the company with lacking sufficient internal controls to detect and prevent the scheme.
The original article can be found at corporatecrimereporter.com