A Texas-based sales agent for an aviation business was sentenced in February to a year and a day in federal prison for a plot to bribe Mexican officials in exchange for airplane maintenance contracts.
Entries in Mexico (175)
The SEC Wednesday charged Texas-based medical device maker Orthofix International with violating the Foreign Corrupt Practices Act when its subsidiary in Brazil made improper payments to doctors at government-owned hospitals to increase sales.
Four Texas-based businessmen have admitted bribing Mexican officials in return for aircraft maintenance and repair contracts with government-owned and controlled entities.
Teva Pharmaceuticals Industries Ltd. agreed Thursday with the DOJ and SEC to resolve FCPA violations through a deferred prosecution agreement and total payments of $519 million.
Israel's Teva Pharmaceutical said in a securities filing Tuesday it has reserved $520 million for an FCPA settlement.
After an aggressive grassroots campaign, Mexican President Enrique Peña Nieto recently announced the enactment of sweeping changes to Mexico’s anti-corruption regime. The new law is a significant step toward transparency in a country that consistently ranks among the most corrupt in the region and the world.
Houston-based Key Energy Services, Inc. agreed to disgorge $5 million to settle Foreign Corrupt Practices Act offenses caused by bribes from its Mexican subsidiary to an employee at state-owned Pemex.
Zimmer Biomet Holdings Inc. said in a securities filing Monday "it is probable that Biomet will incur additional liabilities related to" DOJ and SEC investigations of FCPA violations that occurred after Biomet's FCPA settlement in 2012 and during its deferred prosecution agreement.
The DOJ said in a court filing this month that Biomet breached a 2012 deferred prosecution agreement "based on conduct in Brazil and Mexico."
A Delaware judge Friday dismissed a shareholder lawsuit against the directors of Wal-Mart Stores Inc. that alleged the directors failed to conduct a proper investigation into allegations of bribery in Mexico.
Key Energy Services Inc. said Thursday the Justice Department informed the company that it has closed its FCPA investigation and won't bring an enforcement action.