Siemens managers on trial for corruption

13th March 2007, Comments 0 comments

13 March 2007, Darmstadt, Germany (dpa) - Two former managers of engineering giant Siemens went on trial Tuesday, accused of paying bribes to secure contracts for power plants in Italy. One of the accused, a 73-year-old engineer, admitted offering bribes to his Italian partners, but said he was acting under orders. The engineer and his co-accused, aged 63, are charged with paying more than 6 million euros (7.8 million dollars) to secure gas-turbine contracts valued at 450 million euros from Italian energy

13 March 2007

Darmstadt, Germany (dpa) - Two former managers of engineering giant Siemens went on trial Tuesday, accused of paying bribes to secure contracts for power plants in Italy.

One of the accused, a 73-year-old engineer, admitted offering bribes to his Italian partners, but said he was acting under orders.

The engineer and his co-accused, aged 63, are charged with paying more than 6 million euros (7.8 million dollars) to secure gas-turbine contracts valued at 450 million euros from Italian energy concern Enel.

The case is unrelated to another corruption scandal involving kickbacks, which has been dogging the multinational giant.

Siemens has been rocked by disclosure that its telecoms division paid bribes in many nations to secure big contracts outside Germany. There have also been allegations of a slush fund used to keep labour leaders docile.

One of Europe's biggest industrial groups, Siemens says it is cooperating fully with authorities.

Two years ago, Volkswagen was rocked by disclosures of illicit favours to German labour leaders. Its former head of personnel, Peter Hartz, was convicted last month and handed a two-year suspended prison sentence and a fine of half a million euros.

Prosecutors searched Siemens offices mid-November when allegations first surfaced that senior employees had siphoned off 200 million euros to pay bribes. Several managers in the firm's telecommunications division were arrested, questioned and bailed.

DPA

Subject: German news

0 Comments To This Article