Archive for April, 2009

SEIMENS Directors To Pay Damages

Thursday, April 23rd, 2009

A bribery scandal hit the firm during 2006. Now six of the former directors have agreed to pay damages related to the scandal. The accusation was that the directors have ignored the fact that the firm had paid huge bribes in order to win foreign contracts. An international investigation has revealed the truth that the firm has involved in paying bribes to get contracts in countries such as Iraq, Venezuela, Israel etc.

April 2009
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