November 03, 2014
Bio-Rad Laboratories, Inc.
Foreign Corrupt Practices Act
SANCTION AMOUNT: $40,700,000
Defendants: Bio-Rad Laboratories, Inc.
Respondent was charged with making approximately $7.5 million in bribes to foreign officials in order to win business in Russia, Vietnam, and Thailand during a five-year period, and for improperly recording the bribes in books and records as legitimate expenses like commissions, advertising, and training fees. The bribes were found to have generated $35 million in illicit profits.
- Key Docs
- Official SEC press release