• July 16, 2024

SEC Probes GE, Siemens, and Philips Over Medical Equipment Scheme Involving China

In what will be a major revelation, the Securities and Exchange Commission of United States is investigation Siemens, General Electric Co, and Philips for allegedly bribing middlemen to breakthrough a deal with Chinese government for selling them medical equipments. The alleged probe was reported by Reuters. The SEC denied to make any comment on any…

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