In the largest such case in American history, the company’s US unit will pay $623.2m to resolve probes into kickbacks that it paid to doctors in the US and $22.8 million to resolve a criminal charges involving illicit payments to government health-care providers in Latin America. In agreeing to settle, the US unit entered into a three-year DPA that means it can avoid conviction if it complies with certain reform and compliance requirements.

Olympus Corporation of the Americas admitted that it won business from doctors and hospitals by providing lavish hopstiality and trips, consulting payments, millions of dollars in grants and free endoscopes.

The company, based in Tokyo, Japan, has agreed to a monitor to ensure its compliance with anti-kickback and other laws. US Attorney Paul Fishman said at a news conference that the monitor will be Larry Mackey, a former federal prosecutor who tried the Oklahoma City bombing cases. Sources: Bloomberg BNA; Financial Times