The German maker of medical devices, among other products, said officials in the Shanghai branch of the State Administration of Industry and Commerce were looking into the marketing and business practices of its health-care laboratory diagnostics units. Its business practices are “common world-wide in the industry,” the company said in a statement.
Siemens denied media reports that it was subject to a corruption investigation. “Contrary to the recent media reports, the probe is neither corruption-related nor related to any personal benefits to individuals,” it said, adding that it is working with regulators and expects to resolve the matter “in the near future.”
