Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Bill Steinman
Contributing Editor

Payment Problems In China For Bruker

An internal investigation at Massachusetts-based Bruker Corporation found evidence that employees in China and Hong Kong bribed foreign officials.

The life science technology company said in an SEC filing last week that it fired workers at its Bruker Optics subsidiary in China and Hong Kong who failed to comply with ‘corporate policies and standards of conduct.’ It also terminated third-party agents.

The internal investigation was triggered by ‘anonymous communications,’ Bruker said. 

It self reported to the DOJ and SEC in August last year. In October, it reported the possible violation of local anti-corruption laws to the Hong Kong Joint Financial Intelligence Unit and the Independent Commission Against Corruption.

Bruker said the payments ‘improperly benefited employees or agents of government-owned enterprises in China.’ Under the FCPA, state-owned companies are government ‘instrumentalities’ and their employees are foreign officials.

Bruker said it has already ‘implemented an enhanced FCPA compliance program, and strengthened the financial controls and oversight’ at subsidiaries operating in China and Hong Kong.

The company has 5,400 employees worldwide. Revenues last year were $1.65 billion.

It spent $4.3 million in 2011 on legal and other professional fees for the investigation.

Bruker Corporation trades on NASDAQ under the symbol BRKR.

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Download Bruker Corporation’s Form 10-K (annual report in pdf) filed February 29, 2012 for the period ending December 31, 2011 here.

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