Siemens Discloses More Details About Corruption Investigations
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The Federal Communications Commission fined Siemens Corporation and Siemens Medical Solutions $175,000 Thursday for failing to disclose corporate felony convictions as required by the FCC’s rules.
The former chief financial officer of Siemens S.A. – Argentina pleaded guilty Wednesday in federal court in New York City to conspiring to pay tens of millions of dollars in bribes to Argentina government officials in connection with a $1 billion contract to create national identity cards.
Siemens AG’s former CFO Heinz-Joachim Neubürger will pay the company €2.5 million ($3.1 million) to settle a civil recovery claim connected to the global bribery scandal Siemens resolved with U.S. and German authorities in 2008.