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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

Foreign Bribery – Civil Settlement

Novartis AG paid more than $112 million in disgorgement and prejudgment interest to settle Securities and Exchange Commission (SEC) charges of violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA). The SEC found that local subsidiaries or affiliates of Novartis or its former subsidiary, Alcon Inc., engaged in schemes between 2012 and 2016 to make improper payments or to provide benefits to public and private healthcare providers in South Korea, Vietnam, and Greece in exchange for prescribing or using Novartis or Alcon products. The SEC also found that Novartis lacked sufficient internal accounting controls within its former Alcon business in China from 2013 to 2015.

Misconduct Type
Ethics
Enforcement Agency
SEC
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of SEC Order
6/25/2020
Contractors Involved Penalty
Total
Novartis AG $112,800,000
Further Information Released
SEC Order 6/25/2020
SEC Press Release 6/25/2020

See also:

Federal Contractor Misconduct Database