Siemens to Pay Fine to Settle German InvestigationSiemens to Pay Fine to Settle German Investigation

Siemens, the German conglomerate that makes medical imaging systems, among other things, was fined about $284 million by a German court over accusations of some employees making bribes to secure contracts, reports the Associated Press. That brings to an end one of several investigations. This one focused on the company's failing to report the proceeds to German authorities for tax purposes. Several of the firm's top officials resigned over the scandal.

October 5, 2007

1 Min Read
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Siemens, the German conglomerate that makes medical imaging systems, among other things, was fined about $284 million by a German court over accusations of some employees making bribes to secure contracts, reports the Associated Press. That brings to an end one of several investigations. This one focused on the company's failing to report the proceeds to German authorities for tax purposes. Several of the firm's top officials resigned over the scandal.

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