Bribes and Backdoor Deals Help Foreign Firms Sell to China’s Hospitals - News Summed Up

Bribes and Backdoor Deals Help Foreign Firms Sell to China’s Hospitals


Their purpose: to get public hospitals to buy millions of dollars’ worth of sophisticated medical equipment made by foreign companies like General Electric, Siemens, Philips and Toshiba. In many other cases, Western companies signed off on deals involving third-party contractors who paid bribes and sought kickbacks. Mr. Wu also took a bribe — the $220,000 in bricks of bills packed in a suitcase — from a G.E. sales contractor, who walked with Mr. Wu to his car and left the suitcase in the trunk. Mr. Wu was sentenced to 15 years.


Source: International New York Times June 14, 2019 21:22 UTC



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