Philips corruption trial ‘due’ in Poland

Twenty three Poles, including two former employees of Philips Electronics, are reportedly to stand trial in Poland in July over alleged payments of millions in bribes in connection with the sale of medical equipment.

The Dutch consumer appliances, healthcare and lighting group, recently said it was investigating possible corruption after a whistleblower came forward to say that he had delivered briefcases full of cash to hospital directors.

Philips, which makes scanners and other hospital equipment, competes with Germany’s Siemens and General Electric of the United States in supplying the medical industry.

Philips disclosed in its 2010 annual report, published in February, that it was reviewing possible criminal activity by former employees.

The investigation involves possible violations of the United States’ foreign corrupt practices act.

Philips said in the annual report that it has reported its review to the US Department of Justice and US Securities and Exchange Commission.

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