Former Siemens executives Ernst Keil-von Jagemann and Wolfgang Rudolph last week admitted to paying e1.3 billion in 75 counts of kickbacks and bribes to Russia and other countries.
Jagemann was given a two-year suspended sentence and a e12,000 fine; Rudolph was given a nine-month suspended sentence and a e20,000 fine to be paid to charity.
In another German court, Johannes Feldmayer (a former Siemens management board member) this week was given a two-year suspended sentence and a fine of e28,000.
He was found guilty of bribing Wilhelm Schelsky (former head of the Association of Independent Employees trade union) with e30 million; Schelsky gets 4.5 years in prison for accepting the bribe. Siemens had attempted to buy the loyalty of the management-friendly AIE/AUB union over the more dominant IG Metall union.
The company has spent e510 million on internal investigations. That adds up to over $2.3 billion spent foolishly.