Thursday, December 30, 2010

Siemens China business arrested for bribery

The world brand laboratory (http://brand.)      Message: the corporate headquarters of millions of euros "bribery door" event involved, Siemens China business are receiving a survey of United States law firm. Germany the economic weekly "Monday quoted the words of Siemens insiders, Siemens China company operations were nearly half of the business involved in bribery.      The report says that Siemens China about 90% of operations are performed by a third party, and the third party has begun accepting Siemens internal investigation.      Siemens China a high-rise in reply yesterday the business news on the e-mail that he thinks the economic weekly "said is not true; but he acknowledged that Siemens China business law firms in the United States are being accepted Depp (Debevoise Plimpton &) led the investigation. He said that, as a result of the investigation process has not yet been completed and has not been found conclusive evidence, and therefore to Siemens China company to "bribe" of premature.      The person has refused to reveal more detail. Trustee of investigations of the Chinese business law firms, mid Depp has published a report assessing, said Siemens internal "suspicious payment number" is likely to have more than 10 billion euros instead of Siemens estimate 4.26 million euros.      Yesterday, the reporter was not able to get in touch with Depp law firm. Siemens China PR of Marco ameglio yesterday on the phone said to the reporter, Siemens survey is conducted in a global context. And the same high point of view, she said: "since the investigation is ongoing, it is too early. "For Germany the economic weekly" noted "Siemens China companies operating there are nearly half of our business involves the reference to bribe", she said: "there is no adequate basis. "Prior to this, according to media reports, in November last year, Germany police and prosecution service Siemens headquarters raided, and arrested six former and current employees of Siemens.      They suspected that the Manager of the Division of Siemens in part through the shell companies and forged consulting contracts take funds from Headquarters, and for commercial bribery, in order to get the order. Because of the "door" events by bribery blazes, Siemens CEO Ke safid early departure.      July 9, post company CEO Peter löscher in third quarter results announced, stressed that the next quarter of his five focus first is compliance. According to the "financial" magazine reported, in August this year, the case review officer announced that the latest surveys indicate that, since the 1990s, Siemens illegal bribery capital expenditures for more than 10 million euros, is three times the previously expected.

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