Thursday, May 30, 2024

US DoJ probes Siemens over bribery scandal

FRANKFURT (AFX) – Siemens said the Department of Justice has launched an investigation into of possible criminal violations of US law in connection with the company’s 420 mln usd bribery scandal.

In its full first quarter earnings report published late yesterday, the German electronics and engineering conglomerate also said it believes the Securities and Exchange Commission’s enforcement division is conducting an informal inquiry into the embezzlement claims.

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Sam Allcock
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