Filed in archive corporate crime by leon on February 14, 2007

The Siemens scandal gets worse and worse. It's now broadened with reports that the company has identified individual incidents of apparent bribery at three other divisions as part of its investigations into an expanding corruption scandal that has focused until now solely on its telecommunications unit.

On top of that, there are reports that the US Department of Justice has launched its own investigation into possible breaches of US law.

The company has gone into damage control. It says it will review its activities in countries where bribery is rife, and consider pulling out, according to news reports.

Yeah right! That sounds sounds about as useful as sending a study group report about Iraq to the US President.

It won't do any good until the company fixes the cancer inside.

Related Entries:

Siemens slush fund woes - 11 December 2006
Bribery costs Siemens - 20 March 2007
Siemens scandal deepens - 28 March 2007
More trouble ahead for Siemens - 30 May 2007
More Siemens woes - 20 March 2008
Siemens: from bad to worse - 01 May 2008

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The Siemens scandal gets worse and worse. It's now broadened with reports that the company has identified individual incidents of apparent bribery at three other divisions and now the US Department of Justice is investigating

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