Guilty of Bribery!Siemens Fined US$50M

May 14, 2007

Guilty of Bribery!
Siemens Fined US$50M

Siemens was fined today the equivalent of US$50 million after two employees were found guilty of embezzling $8 million to bribe Enel to win a $600 million gas turbine contract. The employees were given suspended sentences. Details here.

Posted at 07:23 AM in CAD: Financials | Permalink

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WorldCAD Access

talking about computers and design by Ralph Grabowski

May 14, 2007