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.… Continue Reading
Posts Tagged: Siemens AG
The chief of Volkswagen USA admitted the company screwed up, and the global CEO has resigned. Prosecutors and regulators, along with aggrieved buyers of its diesel vehicles, are lining up for retribution and justice.… Continue Reading
Brazil’s Petrobras said Wednesday it isn’t negotiating a settlement with U.S. authorities tied to alleged corruption following a report that claimed the state-owned company was in talks to pay a record FCPA fine.… Continue Reading
I wrote in the prior post about the great things the International Anti-Corruption Academy is doing, thanks in large part to the Siemens Integrity Fund. It’s a beautiful example of using anti-corruption settlement money to truly address worldwide corruption.… Continue Reading
I recently had the pleasure of teaching in the International Anti-Corruption Academy’s Masters Program. It’s a teacher’s dream: 30 students from all around the world, with a keen interest in corruption prevention, and several years of practical experience. … Continue Reading
The Cámara Federal de Casación Penal of the Republic of Argentina issued an important ruling on May 4 concerning the legal principle that no one can be punished twice for the same crime (non-bis-in-idem).… Continue Reading
Greek authorities said Monday they indicted 64 people for bribery involving Siemens AG from 1992 to 2006 related to communications company Hellenic Telecommunications (OTE).
An investigation found that Greece lost about $75 million from equipment sales by Siemens to OTE.… Continue Reading
The current list of the ten biggest FCPA cases includes only two U.S.-based companies — KBR at number three and Alcoa at number six. The rest are non-U.S. companies.
Six current and former executives from state-owned Israel Electric Corporation were detained last week in an investigation of alleged bribery involving Siemens.
Alstom SA is close to settling a criminal bribery investigation with the DOJ for $700 million, Tom Schoenberg of Bloomberg reported Tuesday.
The report cited “three people familiar with the matter.”… Continue Reading