Stryker to pay $13.2 mln to settle civil bribery charges

Reuters

WASHINGTON, Oct 24 (Reuters) - Medical device maker StrykerCorp will pay $13.2 million to settle civil chargesalleging the company bribed doctors and government officials towin business in five different countries, U.S. regulators saidThursday.

The Securities and Exchange Commission said that the companytried to mask its $2.2 million bribes in Argentina, Greece,Mexico, Poland and Romania by booking them as legitimateexpenses for charitable donations, travel costs and commissions.

Stryker is settling the case without admitting or denyingthe charges.

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