Siemens billion penalty must be paid
The Siemens bribery scandal comes at a high price: pay in the United States, the electronics company $ 800,000,000 punishment in Germany again almost 400 million euros. The ex-management could even threaten the U.S. proceedings. hp pavilion tx1000 battery
Siemens agreed with the U.S. Department of Justice and the U.S. Securities and Exchange Commission on the penalty in the amount of $ 800,000,000 (600 million euros). The sum is made up of a penalty 450 million U.S. dollars to the Justice Ministry and a skimming of 350 million dollars to the SEC. The Munich public prosecutor also imposed a fine on another 395 million euros.
So that the proceedings against the company were for alleged bribery of public officials in both countries simultaneously terminated, said Siemens Supervisory Board Chairman Gerhard Cromme. "Today we close one of the most unpleasant chapters in more than 160-year history of Siemens from essentially."
As the U.S. Justice Department said explicitly, but so are individual cases against former top managers of the company not excluded. The Assistant Attorney General Matthew Friedrich said in Washington: "The investigations are continuing." He also directed massive accusations against the company. The procedure revealed that "corruption was nothing less than normal procedure" for Siemens. hp pavilion tx2000 battery
Siemens penalty must be paid because the company wanted to gain competitive advantage through corruption and has violated the rules of corporate governance. A total of € 1.4 billion to bribe his shed. That is due in the U.S. especially high penalties.
Siemens had previously been a billion euros for fines to U.S. and German authorities postponed. The U.S. authorities have been relatively merciful, because the offenses fall under the term of the former Siemens management board and the new Board of Directors shows remorse and promises to resolute action against corruption.
In addition to the fine must be Siemens undertake to monitor the future better internally that no bribes are paid. This task is to take ex-Finance Minister Theo Waigel. As an independent "compliance monitor" Waigel will continue to insist on such measures to prevent corruption and to comply with laws and regulations are implemented at Siemens, the company announced today. It would Waigel, who was signed for four years, regularly report to the U.S. Department of Justice and the powerful U.S. Securities and Exchange Commission.
He was the first non-American who acts as Compliance Monitor, said Siemens Supervisory Board Chairman Gerhard Cromme. "Here too, the empathy and the prudence of the authorities, and certainly this can also be understood as confirmation of the confidence that the company has built up over the past two years with his course of enlightenment and change." lenovo 3000 y400 battery
The U.S. investigators have yet again made against the former Siemens boss Heinrich von Pierer collected. Pierer and other ex-Zentralvorstände were despite evidence of corruption cases in the group did not intervene and things did not go to the bottom, it is clear from the investigation documents.
In a written statement by his lawyer Pierer did say he had not been consulted by U.S. authorities. These would be "based only on one side by the Siemens AG provided information."
