RIO DE JANEIRO: The FBI is investigating corporate giants Johnson & Johnson, Siemens, General Electric and Philips for allegedly paying kickbacks as part of a scheme involving medical equipment sales in Brazil, two Brazilian investigators have told Reuters.
Foreign firms are the latest targets of government corruption probes in Brazil. Over the past five years, prosecutors have uncovered pervasive graft in state institutions and private-sector companies seeking to do business with them. The FBI would not confirm or deny the existence of any investigations. The SEC, which also investigates FCPA allegations, said by email that it declined to comment.
Amsterdam-based Philips confirmed in an email that it is under investigation in Brazil. In its 2018 annual report, Philips acknowledged that it"has also received inquiries from certain US authorities in respect to this matter." "Because the Brazilian government's health budget is so huge, this scheme is truly massive," Ferrari said."This first case is just a tiny sliver of what is to come."
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