Siemens charges.

Kathimerini English - - Front Page -

In a de­vel­op­ment that may in­ter­est Greek ju­di­cial authorities, a for­mer man­age­ment board mem­ber of Siemens has been charged by state pros­e­cu­tors in Mu­nich with breach of trust for al­leged bribery pay­ments made to win a pro­ject in Ar­gentina. A state­ment said the ex­ec­u­tive, who was not named, was a mem­ber of the Siemens board in 2000-07 and was re­spon­si­ble for busi­ness in the Amer­i­cas. In claims very sim­i­lar to those lev­eled at the Greek branch of the Ger­man elec­tron­ics and en­gi­neer­ing firm, the ex­ec­u­tive was al­legedly in­formed in 2004 by the for­mer head of Siemens op­er­a­tions in Ar­gentina about the ex­is­tence of an il­licit ac­count with as­sets of 40 mil­lion eu­ros but failed to dis­close his knowl­edge to head­quar­ters and re­fused to help the lat­ter to trans­fer the money legally to Siemens ac­counts. In De­cem­ber 2008, Europe’s big­gest en­gi­neer­ing con­glom­er­ate agreed to pay $1.4 bil­lion to US and Ger­man authorities to set­tle a US in­ves­ti­ga­tion of al­le­ga­tions that for years it paid bribes to win con­tracts.

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