[WASHINGTON] A former Brazilian surgeon who blew the whistle on a medical device company that allegedly bribed doctors to win business will get a US$4.5 million award from US regulators, according to his lawyers.
The surgeon will get the money for playing a crucial role in helping the Securities and Exchange Commission uncover a bribery scandal at Biomet Inc that spanned the globe, his attorneys Christopher Connors and Andy Rickman said in a Friday statement that didn't identify the doctor by name. "Today's award will spur many would-be foreign whistleblowers to come forward now that they know that the SEC is committed to rewarding whistleblowers" for tips tied to violations of the Foreign Corrupt Practices Act anti-bribery law.
Biomet, which has paid tens of millions of dollars to the US government to settle charges of Foreign Corrupt Practices Act violations, is now named Zimmer Biomet.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »