U.S. Securities and Exchange Commission (SEC) 13 announced that Siemens has sued seven former executives, accusing them in office to receive a total of over $ 1 billion of the total contract bribe government officials to Argentina $ 100 million.
SEC said, by the bribery of officials,glue gun including Argentina, more than two-term former president and former cabinet members.
"Enterprises should be the best price and best products for commercial profit, but not the best bribe." SEC officials said Robert, "Corruption erodes public trust in government, but also undermines the transparency of business activities."
glue stick According to SEC documents released by the bribery started in 1996 and finally in 2007, lasted for 10 years. Initially, Siemens in order to obtain a contract worth $ 10 bribe to government officials, but then the Argentine government administrative departments of the change, Siemens was awarded the contract was canceled, Siemens and so continue to bribery in order to be able to continue to receive the contract, but the contract still be canceled. Siemens eventually filed an arbitration, the arbitration in the judiciary, the Siemens bribery again.
It is worth mentioning that in 2008, Siemens and its subsidiaries pleaded guilty to violating the U.S. "Foreign Corrupt Practices Act", the final payment of $ 1.6 billion in fines in the form of the end of SEC, U.S. Department of Justice and Munich inspection agencies to its allegations of bribery .