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The U.S. Securities and Exchange Commission has awarded more than $37 million to an individual for reporting information about a bribery scheme at a large European healthcare company.
The sum is the highest award paid out to a single whistleblower so far this calendar year and one of the top 10 largest awards ever paid out by the SEC’s whistleblower program to an individual, according to the SEC.
The award comes as the SEC recently announced it had received a record-breaking number of tips in fiscal year 2022, totaling more than 12,300 in the year ending Sept. 30, according to its annual report to Congress published last month. The SEC has given out more than $1.3 billion of awards since the beginning of its whistleblower program, which was created by the 2010 Dodd-Frank Act, according to the report.
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The regulator, which announced the award Monday, didn’t name the company and didn’t identify the tipster, in keeping with its policy. But lawyers representing the whistleblower said the award was connected to a Foreign Corrupt Practices Act settlement reached by a publicly traded European healthcare company with the SEC and the Justice Department. The attorneys also declined to identify the company that was the subject of the action or the individual who...
Pakistan on April 22, Thursday urged the United Nations to call upon India to restore full implementation of the Indus Waters Treaty (IWT), warning that New Delhi’s “illegal” decision to hold the ...