Siemens probe to widen?
Sunday, May 25th, 2008The probe into the Siemens bribery scandal is about to widen
The probe into the Siemens bribery scandal is about to widen
Siemens woes have gone from bad to worse, with earnings sliding, down 67 per cent, because of project delays, cancellations and costs flowing the bribery investigation.
Sphere: Related ContentSiemens former chief executive Heinrich von Pierer has been called in prosecutors investigating the bribery scandal
German prosecutors have widened their bribery investigation into Siemens. This case is going to get a lot worse
End of the honeymoon period for Siemens new boss Petyer Loscher. He is trying to clean up the company following a bribery scandal and now there is a new scandal about kickbacks in Israel.
Sphere: Related ContentSiemens CEO Peter Löscher says ithe company is making progress rooting out corrupt practices in the fall-out from its bribery scandal. Not really. German prosecutors identified dozens of suspects since a raid of Siemens’s headquarters in late 2006 but only one former executive has been indicted.
Sphere: Related ContentSiemens faces a fine of 4 billion euros ($5.8 billion), a figure that would wipe out a full year’s profit, after a probe by the US Securities and Exchange Commission.
Sphere: Related ContentSiemens is trying to clear its name after the bribery scandal but the money trail is too elaborate. And none of it would have been discovered if it wasn’t for Osama Bin Laden.
Sphere: Related ContentSenior executives of German electronics and engineering group Siemens AG today met with the US Securities and Exchange Commission in connection with the bribery scandal at Siemens.
Sphere: Related ContentThe Siemens bribery scandal won’t go away. Its new finance chief has lost his job even before he started it and the company is in trouble for bribing military officers in Norway.
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