Facing FCPA Charges In Foreign Countries

Law360, New York (January 3, 2012, 12:44 PM EST) -- On Dec. 13, 2011, U.S. authorities brought criminal and civil charges against a group of former executives of German engineering company Siemens AG and its Argentine subsidiary for violations of the Foreign Corrupt Practices Act. The charges come more than three years after Siemens was charged with violations of the FCPA and paid $800 million to resolve charges with the U.S. Department of Justice and U.S. Securities and Exchange Commission, the largest FCPA penalty ever imposed.

According to allegations in the criminal indictment, eight former Siemens...
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