Wednesday, August 8, 2012

Big Pharm Company Settles With Government Over Bribery Charges

23:00, August 8, 2012

BY OCCRP

The pharmaceutical company Pfizer and its subsidiaries bribed doctors in Bulgaria, Serbia and six other countries, provided junkets and even paid off government officials in Croatia to win approval of its products, according to a settlement announced this week.

The 22-page complaint unveiled by the U.S. Securities and Exchange Commission depicts secret payments to bank accounts in Austria, wholesale corruption in the medical ranks and an elaborate scheme that netted at least $16 million in profits for the company over several years. The crimes range from the petty – doctors being bought off for trips to Greece and an official receiving $1,200 per month to sell out his offices – to broader efforts to corrupt entire government programs.

Armenian News

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