SIEMENS BRIBERY SCANDAL SPREADS
AsiaInfo Services, August, 2007
AsiaInfo Services 08-24-2007 Siemens Bribery Scandal Spreads BEIJING, Aug 24, 2007 (SinoCast via COMTEX) -- Foreign Media said on August 20 that Siemens, one of the world's largest electronics manufacturers, was found to involve in a bribery case. What is more, the bribery was said to have relation with the company's business in Germany but involve its overseas operations in China and Indonesia as well. Meanwhile, some senior management members in Siemens China were also found to be in relation to some illegal financial activities, said German media quoted concerned auditors. Moreover, investigators also discovered that the Germany-based electronics giant transferred a large sum of capital to Indonesia through secret channel. Last week, the company's telecom...
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