Don't be fooled by the press releases above - no actual transfer or localisation has been done or planned in the nearest future, they are just moving stents from Medtronic to Russia.
The U.S. Justice Department and Securities and Exchange Commission are the people to speak to regarding violations of the Foreign Corrupt Practices Act[0]. That is the law that bars American companies from bribing foreign-government officials anywhere in the world.
As I recall DOJ declined to file charges against Medtronic in a previous 4-5 year investigation of their practices regarding payments to govt doctors in Europe and Malaysia so there is probably a 10-K Form in the 2012-2103 timeframe.
DOJ/SEC have been actively pursuing health services and health technology companies so there is an open ear to complaints.
My gut feeling is DOJ might have trouble gathering evidence on this case. Also if Medtronics has any sort of competency they will have structured this deal very carefully to avoid FCPA problems. Sometimes the only way these sort of outrages are fixed is with sunlight and activism.
Tried, it doesn't work. Mostly because all Russian media directly or indirectly controlled by the state and they will not confront the prime minister. We never tried Western media but I don't think there will be any interest from them.
It could be a good case for FCPA investigation, though I doubt that the US will be interested in opening the FCPA case against the American company.
> It could be a good case for FCPA investigation, though I doubt that the US will be interested in opening the FCPA case against the American company.
FWIW a lot FCPA cases are against American companies since it's an American rule. The only way a non-American company would end up against FCPA is if they were traded in US financial markets (so Renova Group couldn't be brought up on FCPA charges, but Medtronic definitely can be).
The single-source government decree stating that Stentex/Medtronic should become single supplier of stents in Russia in 2017-2022 was signed by the prime minister. See the links above.
Approach Novaya Gazeta. They regularly publish reports of this kind.
I just don't see what good will it do in Russia. They just reply with "it's all fabricated lies of our enemies in the West!" and it seems to be good enough for majority of population.
Russian company: Angioline (http://www.angioline.ru, the site is Russian-only)
US company: Medtronic (http://www.medtronic.com)
Oligarch: Victor Vekselberg (https://en.wikipedia.org/wiki/Viktor_Vekselberg)
Joint-venture created by Vekselberg and Medtronic for "technology transfer": http://stentex.ru/en/about/company_news/199
Ties in the government: http://www.renova.ru/en/press-center/releases/21/1995/
Single-source decree of the government: https://rg.ru/2015/05/14/stent-site-dok.html (sorry, I can't find English version)
Don't be fooled by the press releases above - no actual transfer or localisation has been done or planned in the nearest future, they are just moving stents from Medtronic to Russia.