RCMP Terminates CFPOA Investigation Following Voluntary Disclosure

The Royal Canadian Mounted Police (RCMP) has concluded an investigation into matters arising from a voluntary disclosure by Nordion Inc. ("Nordion"). In 2012, the company disclosed to the RCMP, the United States Securities and Exchange Commission (SEC) and the United States Department of Justice (DOJ) evidence of historical payments made by a non-employee agent of the company to a Russian official. The evidence indicated that the agent had colluded with a former employee of the company who had received kickbacks from the agent, all of which was unbeknownst to the company until shortly before the voluntary disclosure to these authorities.

Following the discovery of the relevant information, the company's board acted promptly to appoint a special committee and to retain independent counsel to conduct a full investigation of the matter. At the time of the voluntary disclosure, Nordion was a public company whose shares were listed on the Toronto Stock Exchange (TSX) and