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China’s SAIC investigates Siemens for commercial bribery

( May 4, 2015, 02:04 GMT | Insight) -- China's State Administration for Industry and Commerce launched an investigation into Siemens and its dealers in 2014 over allegations of commercial bribery under Article 8 of the Anti-Unfair Competition Law, Reuters reported, citing peo...China's State Administration for Industry and Commerce launched an investigation into Siemens and its dealers in 2014 over allegations of commercial bribery under Article 8 of the Anti-Unfair Competition Law, Reuters reported, citing people with knowledge of the probe. The regulator accused Siemens of entering into exclusive agreements under which Siemens would provide hospitals with medical devices for free on the condition that hospitals buy the chemical reagents used to run the devices only from Siemens. The investigation follows a previous anti-bribery probe in the pharmaceutical sector in which GlaxoSmithKline was fined nearly $500 million, the report said....

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