Bribery Convictions Overturned In Siemens Case

Law360, New York (September 2, 2008, 12:00 AM EDT) -- Germany's highest court has reportedly overturned the convictions of two former Siemens AG managers for bribery of a foreign oil company and revoked a $56 million fine against the company, the latest twist in a scandal that has led to probes of Siemens in numerous countries.

Germany's Federal Court of Justice ruled Friday that the managers should not have been convicted because bribing companies outside of Germany was only made a crime in 2002, Bloomberg reported. The case involved allegations of millions in bribes paid to...
To view the full article, register now.