China Financial Daily

December 18, 2008

Bribery from Siemens

Filed under: Financial News — Tags: — kinpoo @ 11:44 am -0800

Chinese bribery from Siemens with more than 6000 million related traffic area, health care and so on
A litigation documents from the other side of the ocean, once again exposed the dark aspect of the multinational business in China, in the public eye. Siemens handed over 1.6 billion U.S. dollars fine as the high price with Germany, the U.S. government to reach a settlement for the end of the bribery case for years. However, radish can be pulled out of mud, so Siemens in China’s commercial bribery in a U.S. Department of Justice documents was disclosed.

Siemens bribery case created the world record and U.S. regulators said the investigation was not ended
Siemens bribery case in the United States is a 31-year major shaking since the implement of “overseas anti-corruption law,” with a total of 1.6 billion U.S. dollars of fines, in the United States was fined 800 million U.S. dollars, which two figures both set a record high. A total of more than 1.6 billion U.S. dollars of fines, including not only Siemens paying 800 million U.S. dollars to the U.S. government but also in Germany’s penalty of 596 million euros (about 814 million U.S. dollars), and the latter included last year’s fine of 201 million euros.

Related posts:

  1. News about Siemens
    Siemens responsed to the bribery case With regard to the report that Siemens had to...
  2. Road map to restore the foreign bribery: bribery section intermediate links and out easily
    Road map to restore the foreign bribery: bribery section intermediate links and out easilyPrior to...
  3. Enterprises in the United States take the initiative to confess vs foreign firms refused to admit its fault Who’s lying, bribery case
    Enterprises in the United States take the initiative to confess vs foreign firms refused to...

Share/Bookmark

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

Copyright © 2009 ChinaFinancialDaily.com; Powered by WordPress