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Corrupt practices: US ortho giant got rap in knuckles

Nov 28, 2018 10:14 IST

The top financial regulator in the US, the Securities and Exchange Commission, had 2 months ago ordered the world’s leading manufacturer of orthopaedic implant devices, Stryker, to pay $7.8 million. The fine was for violating its corruption norms in India, China and Kuwait, The Indian Express reported. The commission found the company guilty of questionable payments to doctors for “consulting fees, travel, and other benefits” and “inflated invoices” issued to “mostly large, corporate hospitals”

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