Ex-Siemens Execs Charged In $100M Argentine Bribe Plot

Law360, New York (December 13, 2011, 1:23 PM EST) -- Eight former Siemens AG executives and agents have been charged with bribery-related offenses for allegedly agreeing to funnel $100 million to Argentine officials to win an identity card contract, U.S. prosecutors said Tuesday.

Six executives at Siemens and subsidiaries, including Uriel Sharef, a one-time member of Siemens' executive committee, paid bribes to win and later to try to salvage a $1 billion contract to produce state-of-the-art ID cards, prosecutors charged in an indictment returned in New York federal court late Monday night.

An ex-Siemens Argentina board...
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