Brazil prosecutors allege jailed GE executive helped company partake in medical cartel


SAO PAULO (Reuters) – General Electric Co’s (GE.N) chief executive for Latin America took part in a medical equipment price-fixing scheme while at the conglomerate, making it a member of an international health-care cartel, according to allegations in a document filed by federal prosecutors.

FILE PHOTO: Philips headquarters is pictured in Barueri, on the outskirts of Sao Paulo, Brazil July 4, 2018. REUTERS/Nacho Doce/File photo

The executive, Daurio Speranzini Jr., was one of 20 people jailed last week in what prosecutors say was an arrangement among multinational companies Philips (



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