US Department of Justice Partners with Greek Lawmakers to Investigate Pharma Corruption

Saturday, February 4th, 2017
Last Update: 18:07

Greek Justice Minister Stavros Kontonis along with the US Justice Department are working on an investigation of the alleged corruption of Swiss pharmaceutical company Novartis.

Greek and US investigators aim to determine the extent to which medicines were overpriced, Kontonis said.

At this stage representatives from the US are expected in Athens to brief the Justice Minister on their findings thus far. Earlier this month Greek authorities sought the assistance of the US Justice Department, which, along with the Securities and Exchange Commission (SEC), first launched an investigation into the NYSE-listed drugmaker two years ago.

When asked about the investigation Kontonis said Greece has suffered significant losses at a time that poor Greeks lack access to medicines while pharmaceutical firms have increased their profits by between 25 and 30 percent.

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