Exclusive: FBI targets Johnson & Johnson, Siemens, GE, Philips in Brazil graft case

"In addition to paying kickbacks through intermediaries to secure contracts, some suppliers charged Brazil’s government inflated prices - up to eight times the market price - to help cover the cost of their bribes, according to court filings and plea-bargain testimony secured by prosecutors.

Prosecutors say that in that case, which focused on Rio de Janeiro state, Brazilian taxpayers were bilked out of at least 600 million reais ($149.38 million) between 2007 and 2018 through padded contracts awarded to crooked medical equipment suppliers."

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Exclusive: FBI targets Johnson & Johnson, Siemens, GE, Philips in Brazil graft case - sources - Reuters