Siemens's sale lifts profit amid bribery flap

Article Abstract:

Fiscal first-quarter net profit for German electronics firm Siemens AG rose to 6.48 bil euro, due primarily to the sale of Siemens VDO Automotive to tire company Continental AG. Siemens is currently under investigation by the US Securities Exchange Commission and the Justice Department regarding bribery allegations.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit, Financial report

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Siemens shakes up Norway division

Article Abstract:

Norway's economic crimes police have assessed a fine totaling 9 mil kroner against the Norwegian unit of German firm Siemens AG for defrauding the military. The fraud involves providing illegal trips for military personnel. The firm can either accept paying the fine or challenge the allegations in court.

Norway, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Fraud investigation, Subsidiaries, divisions and units

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