Filed in archive
corporate crime
by leon on December 16, 2006

It has also put a potentially lucrative joint venture with Nokia in doubt.
The uproar over the shonky deals looks like it will spill over into the boardroom with shareholders demanding the resignation of the company's chairman and expressing no confidence in the chief executive, reports The Guardian.
Siemens seems to have fallen victim to a culture of negligence, say the analysts.
But history tells us these sorts of claims are telling only half the story.
The only reason the truth has come out is because Siemens had to make a filing to the US Securities and Exchange Commission. Under German company law, it would not have been required to be so open.
And that lack of transparency has allowed the corruption to flourish.
Permalink: Siemens bribery scandal grows
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Mr Wong
Vote for Siemens bribery scandal grows:
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Rating: 9.90 out of 10 vote(s) cast.
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Response from:
Freedom!
(02/01/07 12:32pm)
THE entire Siemens train fleet could be sidelined as early as today — creating chaos across Melbourne's rail system (The Age, February 1, 2007)- faulty brakes scandal hits new train fleet!
Response from:
news.fatpitchfinancials.com
The whining from auditors about getting liability caps is likely to get louder with news that troubled US mortgage finance company Fannie Mae is suing former auditor KPMG for $2 billion, close to 12 per cent of its revenues for 2006.
Response from:
The whining from auditors about getting liability caps is likely to get louder with news that troubled US mortgage finance company Fannie Mae is suing former auditor KPMG for $2 billion, close to 12 per cent of its revenues for 2006.
Response from:
The whining from auditors about getting liability caps is likely to get louder with news that troubled US mortgage finance company Fannie Mae is suing former auditor KPMG for $2 billion, close to 12 per cent of its revenues for 2006.
Response from:
IndianPad
Sox First: Siemens bribery scandal grows posted at IndianPad.com
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