How GE changed tack on Russia

By Tom Bergin LONDON (Reuters) - About five years ago, General Electric Co, the largest Western player in Russia's market for medical equipment, uncovered pervasive corruption in its Russian business. Ferdinando Beccalli-Falco, then chief executive of GE Germany and Developed Markets, told an investor conference in 2012 that senior management became aware of the problems around 2009. "We had to eliminate more than half of our healthcare organization because we discovered that they were happily scamming our customers, scamming against us and scamming against the government," Beccalli-Falco told the conference. A GE spokesman said Beccalli-Falco did not wish to comment, and the company declined to comment on its Russian business.



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