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Analogic resolves FCPA case for $15 million

Jaclyn Jaeger | June 22, 2016

Analogic, an airport security and medical-imaging technology provider, and BK Medical ApS, Analogic’s wholly-owned Danish subsidiary, have reached separate settlements with the Securities and Exchange Commission and the Department of Justice to resolve a Foreign Corrupt Practices Act case totaling payments of nearly $15 million.

BK Medical, a manufacturer of ultrasound equipment, entered into a non-prosecution agreement with the Justice Department and agreed to pay a $3.4 million penalty to resolve the government’s investigation into improper payments made in Russia and elsewhere in violation of the FCPA.

According to admissions made in the resolution documents, BK Medical engaged in a scheme with its distributor in Russia to make improper payments to third parties using fictitious invoices, falsely book those third-party payments and cause...

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