Siemens

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    • Bribery costs Siemens

      Posted by SoxFirst

      Siemens has been forced to put more money into its joint venture with Nokia because of delays linked to bribery investigations and to cover any future damages claims. But it might not settle the problem because the court has been told that a culture of bribery was just part of the Siemens culture.

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    • Siemens woes get worse

      Posted by SoxFirst

      The Siemens scandal gets worse and worse. It's now broadened with reports that the company has identified individual incidents of apparent bribery at three other divisions and now the US Department of Justice is investigating

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    • Siemens and the moral high ground

      Posted by SoxFirst

      With the latest reports coming in of Sudanese planes bombing Darfur in the four year civil war which has killed 200,000 people and left 2.5 million homeless, Klaus Kleinfeld, the chief of scandal-plagued Siemens says his company might pull out of Sudan for moral reasons.

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    • Bribery International

      Posted by SoxFirst

      A bird’s eye-view of bribery around the globe. Siemens is investigated for paying bribes to Saddam Hussein, tax bureaucrats in Israel have been arrested for accepting bribes from businessmen seeking tax breaks, Taiwan’s premier fights bribery allegations, corruption booms in Russia and Democrats in Congress bring in anti-bribery rules.

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    • Siemens bribery scandal grows

      Posted by SoxFirst

      The whining from auditors about getting liability caps is likely to get louder with news that troubled US mortgage finance company Fannie Mae is suing former auditor KPMG for $2 billion, close to 12 per cent of its revenues for 2006.

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    • Siemens slush fund woes

      Posted by SoxFirst

      Authorities are investigating the German industrial conglomerate Siemens using slush funds to pay hundreds of millions of euros in bribes to obtain contracts around the world. The bribes probe has spread to at least six countries. Now it looks like Siemens might lose its spot on the anti-corruption watchdog, Transparency International.

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    SoxFirst

    Member since Dec 2008

    Leon Gettler is a blogger and senior business journalist at The Age, specializing on management issues. His latest book, Organisations Behaving Badly focuses on the forces that lead smart executives into making dumb decisions.

    Melbourne


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