Exclusive: SEC probes Siemens, GE, Philips in alleged China medical equipment scheme – Reuters

Exclusive: SEC probes Siemens, GE, Philips in alleged China medical equipment scheme  Reuters

The U.S. Securities and Exchange Commission is investigating Siemens AG, Philips NV and General Electric Co for allegedly using local middlemen to negotiate bribes with Chinese government and hospital officials to sell medical equipment, two U.S. sources with knowledge of the matter told Reuters. The investigations into the companies’ business in China, along with an existing SEC probe into their sales in Brazil, are part of a new effort by U.S. regulators to crack down on alleged corruption in sales of costly medical equipment worldwide, said the sources, who spoke on condition of anonymit…

source https://www.reuters.com/article/us-brazil-corruption-sec-china-exclusive/exclusive-sec-probes-siemens-ge-philips-in-alleged-china-medical-equipment-scheme-idUSKCN1T5151

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