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Greek authorities raid Novartis offices in bribery probe

Jaclyn Jaeger | January 5, 2017

Switzerland pharmaceutical giant Novartis is facing a fresh bribery probe, this time in Greece, where authorities there this week raided the company’s offices searching electronic documents and files.

The raid follows allegations made by certain Novartis employees that kickbacks were paid to more than 4,000 doctors and government officials in exchange for the promotion of Novartis drugs, Greek news agency, Protothema, reported.

Greek authorities have asked the U.S. Department of Justice and U.S. Securities and Exchange Commission to assist in the investigation, requesting that they share documents related to the allegations. According to reports by French news agency, Agence France-Presse (AFP),... To get the full story, subscribe now.