FBI Investigates Philips And Three Other Companies

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FBI Investigates Philips and three other Companies in a Bribe. The American FBI is investigating Philips, Johnson & Johnson, Siemens and General Electric for possible bribe payments made by the companies in Brazil.

 

By paying bribes to civil servants, the companies would have wanted to win more public health assignments in Brazil.

They also tried to sell more medical equipment in the country, Brazilian researchers state.

Brazilian authorities suspect more than twenty companies to have been part of a cartel,

 that paid bribes and charged the government too high prices for medical equipment.

The four multinationals are the most significant foreign companies that are being examined.

Philips has confirmed that an inquiry is taking place into the company’s activities in Brazil.

However, that is not uncommon and “it is too early to conclude,” the group says.

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