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More heat on Siemens

Filed in archive corporate crime by leon on September 06, 2007

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The Siemens group might have new leadership but the bribery scandal is not going away with reports that that US Securities and Exchange Commission is now putting pressure on the German government to help its investigations into whether Siemens employees paid millions of euros in bribes to secure deals.

The conglomerate is now also under investigation by Chinese officials in relation to whether it provided kickbacks to help it flog hospital equipmentlinks.

Siemens is now under investigation in several locations including Norway, France, Poland, Italy, Switzerland and Japan.






Permalink: More heat on Siemens
Tags: Siemens  SEC  China    siemens  more+heat  heat+siemens  hedge+fund 

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