Philips wants to pay $ 62 million and will reached a settlement in the allegations of

The Royal Philips Philips of the Dutch medical supplies agreed to pay $ 62 million ($ 82.66 million) to reach a reconciliation on the company's regulatory agencies on the company's suspected bribery in China.The U.S. regulatory agency said that Philips' unknown local manipulation of China's procurement process has imposed an impact on public officials in Chinese state -owned hospitals and violated the US anti -bribery law.

According to the Wall Street Journal, the US Securities and Exchange Commission (SEC) said on Thursday (May 11) that the behavior of Philip, headquarters in Amsterdam in China, violated overseas anti -corruption laws.The US Stock Exchange said that Philips has agreed to reach a settlement without recognition or denied the results of the investigation.

Philips said in the statement that the reconciliation was concluded to the company's investigation of the company's business bid violations in China.Earlier, Philips has disclosed the relevant investigation.Philips said the US Stock Exchange's investigation of similar allegations of Brazil and Bulgaria, and a parallel investigation by the US Department of Justice has ended.

This is the second time Philips reached a settlement with the US Stock Exchange due to allegations of overseas corruption.In 2013, the company paid $ 4.5 million and reached a settlement on its suspected violation of overseas anti -corruption laws in Poland.

The Mei Syndica meeting said on Thursday that from 2014 to 2019, Philips adopted a number of strategies that violated the anti -corruption law of overseas in China.The law promulgated in 1977 was banned from gaining business advantages through bribery.The law also requires the company to maintain a system for preventing bribery and maintain accurate account books and records.Philips' subsidiaries in China violate the regulations of the internal control and book records of the law.

According to a reconciliation agreement reached with the US Securities Exchange, Philips agreed to refund the US $ 47 million in profit, increase interest from the suspected improper behavior, and pay a civil fine of $ 15 million.