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.

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