In December 2008 Siemens, the large German electronics firm, agreed to pay $1.6 billion in fines to

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In December 2008 Siemens, the large German electronics firm, agreed to pay $1.6 billion in fines to
  • In December 2008 Siemens, the large German electronics firm, agreed to pay $1.6 billion in fines to

  • Answers • 4 pages • 2020
  • In December 2008 Siemens, the large German electronics firm, agreed to pay $1.6 billion in fines to settle legal suits bought by the U.S. and German governments. The governments asserted that Siemens had used bribes to win business in countries around the world. These were the largest fines ever levied against a company for bribes, reflecting the scale of the problem at Siemens. Since 1999, the company had apparently paid some $1.4 billion in bribes. In Bangladesh, Siemens paid $5 million to the...
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