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(Reuters) — Mead Johnson Nutrition Co. will pay $12.03 million to settle civil charges that it ran afoul of U.S. bribery laws after its China-based unit made improper payments to certain health care professionals at state-owned hospitals, U.S. regulators said Tuesday.
The U.S. Securities and Exchange Commission announced the settlement with the company in an in-house court filing. The SEC said Mead Johnson violated the books and records requirements of the Foreign Corrupt Practices Act because it failed to reflect the improper payments on its books or have an adequate system of internal accounting controls.
(Reuters) — Defense contractor FLIR Systems Inc. will pay $9.5 million to settle civil charges that it violated federal bribery laws by financing a "world tour" of personal travel for government officials in the Middle East, U.S. regulators said Wednesday.