Former Siemens Exec Pleads Guilty To Argentine Bribery

Law360, New York (September 30, 2015, 4:08 PM EDT) -- A former Siemens executive on Wednesday became the first person to plead guilty to U.S. criminal charges of helping run a bribery campaign that moved tens of millions of dollars to Argentine officials in connection with a $1 billion national ID card project.

Former Siemens Argentina chief financial officer Andres Truppel appeared in a New York federal courtroom to enter the guilty plea, telling U.S. District Judge Denise Cote he helped send payments through consultants and front companies and then mask them on parent company Siemens AG's books. It was part of an effort to secure the massive contract for the...

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