U.S. SEC says Eli Lilly to pay $29 mln to settle bribery charges

WASHINGTON Thu Dec 20, 2012 12:47pm EST

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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