Pfizer Charged With Bribing Doctors in Europe and Asia

Pharmaceutical major Pfizer Inc. (NYSE:PFE) has been reported to have agreed to pay $60 million to the federal government, in settlement of alleged charges that its employees were involved in the bribery of overseas officials and prescribing doctors in Europe and in Asia, in order to generate business.

Pfizer Inc. (NYSE:PFE) had been charged under the Foreign Corrupt Practices Act, which bars listed American companies from bribery in foreign countries.

After Wal-Mart Stores, Inc. (NYSE:WMT) was raked over the coals for its alleged role in suppressing an internal inquiry into Mexican bribery...