GE has denied recent fraud claims made by a famed Madoff whistleblower. Here's what it said to comfort investors.

Winoker also answered questions about Baker Hughes' impact on GE's bottom line. Though GE owns BHGE LLC, a separate entity named BHGE Inc. is a publicly-traded company that GE leads with board control and voting rights.

The setup requires GE and BHGE Inc. to include the latter company's financial results in regulatory filings.

When asked if the consolidation could "skew investor perception of GE's cash flows," Winoker mentioned the inclusion of non-GAAP figures that shows cash flow that excludes BHGE. He added that GE couldn't deconsolidate the oil and gas company sooner because of GAAP rules.

The statement also addressed how GE could sell its controlling stake in BHGE. The sale would trigger an estimated $7.4 billion non-cash charge and wouldn't impact GE's cash needs, according to the vice president.

Selling the remaining ownership in Baker Hughes would also give GE additional cash for its plan to reduce debt, Winoker said.