Wednesday, January 30, 2008

Siemens and the kickbacks in Greece

With reference to the above, I found the following in the Trend Capital news Agency:

In the last quarter, which counts as the first quarter of the Siemens financial year ending September 30, 2008, the company spent a further 127 million euros on the investigation and improving surveillance against bribery.
In a bid to find and punish the key executives behind the corrupt practices in Greece, Italy and other nations, Siemens investigators have offered an amnesty to smaller fish who reveal their role in the kickbacks.
Loescher said that 33 staff had applied for the amnesty. It had been granted to four and denied to two, and the rest of the cases were still being investigated.

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