TV News LIES

Sunday, May 03rd

Last update07:42:02 PM GMT

You are here News Of Special Interest At Siemens, Bribery Was Just a Line Item

At Siemens, Bribery Was Just a Line Item

E-mail Print PDF

Mr. Siekaczek (pronounced SEE-kah-chek) says that from 2002 to 2006 he oversaw an annual bribery budget of about $40 million to $50 million at Siemens. Company managers and sales staff used the slush fund to cozy up to corrupt government officials worldwide.

The payments, he says, were vital to maintaining the competitiveness of Siemens overseas, particularly in his subsidiary, which sold telecommunications equipment. “It was about keeping the business unit alive and not jeopardizing thousands of jobs overnight,” he said in an interview.

Three decades after Congress passed a law barring American companies from paying bribes to secure foreign business, law enforcement authorities around the world are bearing down on major enterprises like Daimler and Johnson & Johnson, with scores of cases now under investigation. Both companies declined comment, citing continuing investigations.

More...


Most Recent Related Stories...


Suspect arrested in shooting of NYPD officer

NYPD officer shotThe man accused of shooting a New York City police officer in the head will be...

US aviation authority: Boeing 787 bug could cause 'loss of control'

Boeing 787 glitchThe US air safety authority has issued a warning and maintenance order over a software bug...

DOT issues final rules on flammable oil trains

oil train derailmentsThe Obama administration imposed tougher safety regulations Friday for trains carrying crude oil, responding to growing...

18 women suspect that babies they were told died are alive

Homer G. Phillips hospitalEighteen black women who were told decades ago that their babies had died soon after birth...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!