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[$$] GE Latin America boss arrested over cartel claims

Joe Leahy in Brasília

in Latin America on Wednesday, along with 21 others caught up in an alleged medical equipment fraud case in the state of Rio de Janeiro on Wednesday. Prosecutors alleged that when he worked for Philips Medical Systems, Daurio Speranzini Júnior, now chief executive of GE in Latin America, took part in a cartel to fix prices for medical equipment in Rio state procurement processes. “The allegations refer to a time period when Mr Speranzini worked for a company unrelated to GE.