GE Spinoff Reports FCPA Cases

Posted 11/1/23

GE Healthcare Technologies, a spinoff of General Electric, has reported potential violations of the Foreign Corrupt Practices Act (FCPA) in its China-based operations. The disclosure was made in the company's quarterly filing with the United States Securities and Exchange Commission (SEC) on Ootober 31.

According to the filing, GE Healthcare identified "tender irregularities and other potential violations" related to its activities across multiple Chinese provinces. This marks the first instance that the company has publicly acknowledged possible FCPA violations.

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