China Financial Daily

December 17, 2008

News about Siemens

Filed under: Financial News — Tags: — kinpoo @ 4:51 am -0800

Siemens responsed to the bribery case
With regard to the report that Siemens had to pay 1.3 billion dollars to end the long-standing bribery investigation, Siemens confirmed a exclusive to the Netease Technology that they had agreed to pay 1.3 billion dollars to the United States and Germany on Monday in order to end this long-standing bribery investigation.

three documents exposed that Siemens Subsidiary Company in China concealed their Bribery Fact
U.S. Department of Justice announced on the same day that, Siemens AG (SIEMENS AG, SI: US) and its subsidiary companies (in Venezuela, Argentina and Bangladesh Corporation) were to plead guilty for the corruption their own acts caused. And the company agreed to pay a total 450 million dollars for the criminal penalty.

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