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Violation Tracker Individual Record

Company: Olympus Corp. of the Americas
Current Parent Company: Olympus
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $646,000,000
Year: 2016
Date: March 1, 2016
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Mega-Scandal: Foreign Bribery
Violation Description: The largest U.S. distributor of endoscopes and related equipment agreed to pay $623.2 million to resolve criminal charges and civil claims relating to a scheme to pay kickbacks to doctors and hospitals. A subsidiary of the distributor agreed to pay $22.8 million to resolve criminal charges relating to the Foreign Corrupt Practices Act in Latin America.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: civil and criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: electrical and electronic equipment
Specific Industry of Current Parent: imaging products
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.