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Wednesday, June 1, 2011
Volume:
27
Issue:
6
Abstract:
On April 8, 2011, the U.S. Department of Justice announced that Johnson & Johnson (J&J) has agreed to pay a $21.4 million criminal penalty as part of a deferred prosecution agreement (DPA) to resolve improper payments by its subsidiaries to government officials in Greece, Poland and Romania in violation of the Foreign Corrupt Practices Act (FCPA). The DPA also resolves kickbacks paid to the former Iraq government under the United Nations Oil for Food Program.