[lbo-talk] Siemens compliance officers knew of bribes: witness

uvj at vsnl.com uvj at vsnl.com
Wed Jun 4 10:59:04 PDT 2008


Reuters.com

Siemens compliance officers knew of bribes: witness http://www.reuters.com/article/ousiv/idUSL2965441720080529?sp=true

Thu May 29, 2008

By Jens Hack

MUNICH, Germany (Reuters) - Compliance officers at German engineering giant Siemens (SIEGn.DE: Quote, Profile, Research) and auditors at KPMG turned a blind eye to a system of slush funds used to pay bribes to win orders, a court witness said on Wednesday. http://www.reuters.com/article/ousiv/idUSL2965441720080529?sp=true



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