$646 Million to be paid by Olympus Corporation to End Kickback Bribe Probes

Settlement Amount:

$646,000,000

Olympus Corporation will pay $646 million to resolve United States probes into kickbacks that it paid to doctors in the United States and funneled into bribes in Central and South America.

Olympus Corporation United States unit will pay $623.2 million in the kickback case and its Latin American medical business will pay $22.8 million to resolve a criminal case involving $3 million in illicit payments to government health-care providers in Brazil, Bolivia, Columbia, Argentina, Mexico and Costa Rica.

The kickback case involved an investigation of Olympus Corporation's financial relationship with medical business customers and doctors. The investigation was brought forward by a former employee.

The whistleblowers' share of the settlement will be $51.1 million.

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If you or someone you know experienced a similar situation or any other wrongdoing within a corporation you should contact mail@whistleblowerinstitute.com or call: 619-452–1218

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$646 Million to be paid by Olympus Corporation to End Kickback Bribe Probes

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