BREAKING NEWS

Teva says Israel probing same issues as US bribery case

By REUTERS

FEBRUARY 7, 2017 19:43

Teva Pharmaceutical Industries said on Tuesday that Israeli authorities were investigating the same issues as an earlier US bribery settlement.

"The company can confirm that, to the best of its knowledge, an investigation is being conducted in Israel regarding the same issues which led to a settlement with American justice authorities," a spokesman said in a statement.

"The settlement referred to events that occurred between 2007-2012 and none of the people involved in the improper payments is currently employed at Teva," the statement said.

Teva in December agreed to pay more than $519 million to settle US criminal and civil allegations that the company bribed overseas officials to gain business for its medications.

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