Ex-Siemens Managers Convicted Of Bribing Enel

Law360, New York (May 14, 2007, 12:00 AM EDT) -- A German judge on Monday convicted two former Siemens AG employees and ordered the embattled company to pay $51.3 million for allegedly bribing Italian oil firm Enel SpA with millions of dollars in kickbacks in exchange for contracts.

Andreas Kley, an ex-chief financial officer of Siemens’ Power Generation Group, was found guilty of bribery and breach of trust and sentenced to two years of probation. Horst Vigener, a former manager and consultant, was convicted for abetting bribery and sentenced to nine months of probation.

Siemens said...
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