Medical devices group uncovers issues in sales at company it bought last year.
Smith & Nephew shares fell by 13% yesterday after revealing that it had uncovered 'unethical' sales practices in a company it bought last year.
The practices have led to the hiring of lawyers and forensic accountants, The Times reported, and will result in £50m in lost revenue.
Most of the unacceptable activity, which are thought to have involved kickbacks to purchasers, occurred in Greece, newspaper reports said.
See full Article.
Posts
