UK firm pays £14m in 'bribery' case

British orthopaedics maker Smith & Nephew has agreed to pay 22.2 million US dollars (£14 million) to settle American criminal and civil allegations that it bribed doctors employed by the Greek government for more than a decade to win business.

Smith & Nephew's agreements with the US justice department and the Securities and Exchange Commission (SEC) are the American government's latest action stemming from its investigation into bribery by medical device companies of doctors employed by governments overseas.