BUSINESS

Eli Lilly To Pay $29 Million To Settle Claims Drugmaker Bribed Foreign Officials

12/20/2012 12:47 pm ET | Updated Feb 19, 2013

WASHINGTON, Dec 20 (Reuters) - Pharmaceutical company Eli Lilly and Co agreed on Thursday to pay $29 million to settle civil charges that its subsidiaries made improper payments to foreign government officials to win business in Russia, Brazil, China and Poland.

Eli Lilly agreed to the settlement without admitting or denying the charges, the U.S. Securities and Exchange Commission said.

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