Former Siemens Exec Convicted In Bribery Case

Law360 (July 28, 2008, 12:00 AM EDT) -- A former Siemens AG executive has reportedly received a two-year suspended prison sentence and a €108,000 ($170,000) fine for bribing foreign officials in order to win cushy contracts for telecommunications equipment.

The executive, Reinhard Siekaczek, was convicted Monday on breach of trust charges by a court in Munich, Germany, according to various news organizations.

“One can assume that Mr. Siekaczek was part of a system of organized irresponsibility that was implicitly condoned,” the judge at the trial said, according to Reuters.

Siemens paid a total of...
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