Siemens woes deepen

Article Abstract:

Siemens AG of German is being investigated by German authorities for alleged fraud. The investigations of the electronics giant has uncovered 200 million Euros ($257 million) in suspicious deals, ten times the amount discovered last week. Six employees have been arrested.

Fraud

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Siemens executive arrested

Article Abstract:

Executive Johannes Feldmayer, Siemens AG of Germany has been arrested for breach of trust. Mr. Feldmayer is accused of payouts to undermine the union IG Metall. Europe's largest engineering firm is currently being investigated for bribery.

Executive changes & profiles, Officials and employees, Breach of trust, Financial report, Feldmayer, Johannes

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Siemens probes spur call to combine investigations

Article Abstract:

The Association of German Police Detectives has called for federal involvement in several ongoing investigations into corporate corruption at Siemens AG. The a llegations include organized crime and bribes made by Siemens AG employees.

Organized Crime, Bribery, Corporations, Corporate corruption

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