A Massachusetts-based scientific instruments manufacturer has been charged with providing related travel expenses to Chinese government officials. The Securities and Exchange Commission alleges that that Bruker Corporation made $230,000 in improper payments, which allowed it to make $1.7 million in profits from contracts with state-owned entities in China. Among the improper payments included reimbursement for trips to the United States, Norway, Italy, Sweden, Germany, France and Switzerland. Bruker Corporation self-reported the payments and agreed to pay $2.4 million to settle the charges.
Copyright © 2014 MarketWatch, Inc.
Continue Reading Below