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Philips settles SEC China corruption probe with $62 million payment

dutchnews.nl

Philips settles SEC China corruption probe with $62 million payment

Medical technology company Philips has agreed to a $62 million (€58 million) out of court settlement with the US securities watchdog SEC to head off legal action over corruption claims in China. The US regulators say Philips broke US anti-bribery laws by
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