Sunday, June 12, 2011

Novo Nordisk A/S's history involving the Foreign Corrupt Practices Act

Following up on the history of the Foreign Corrupt Practices Act, see the case involving Novo Nordisk A/S.  (Disclaimer: this matter is unrelated to our case in against Novo Nordisk involving alleged violations of the False Claims Act.)

Here is an excerpt from a Dept. of Justice press release:
Novo Nordisk A/S (Novo), a Danish corporation based in Bagsvaerd, Denmark, has agreed to pay a $9 million penalty for illegal kickbacks paid to the former Iraqi government. Novo agreed to pay the fine as part of a deferred prosecution agreement with the Department. The matter is part of the Justice Department’s ongoing investigation into the U.N. Oil-for-Food program.  A criminal information was filed today against Novo in U.S. District Court for the District of Columbia charging Novo with one count of conspiracy to commit wire fraud and to violate the books and records provisions of the Foreign Corrupt Practices Act (FCPA). . . . (Click here for the entire press release.)
Here is the criminal information:
05-11-09novo-info
 

1 comment:

  1. An awesome post from you which helped me to know some important tactics about novo, You doing great and please don't stop it.
    Ainol Novo 10 hero in Pakistan

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