Create an account to read 2 more. Business ethics. Siemens Exposes Its Dirty Laundry. Since , Siemens has been mired in a corruption scandal that has seen several senior executives arrested over allegations of the use of bribes to […] by Gill Corkindale. Read more on Business ethics or related topics Leadership and Managing up. Siemens, which is cooperating with prosecutors, found 1. Prosecutors are investigating at least suspects in several company divisions.
The initial inquiry focused only on the communications unit. Among those found guilty by the Athens court that has been hearing the case for the past three years is former Siemens Hellas CEO Michalis Christoforakos, who was arrested in Munich in and held there for questioning rather than being extradited to Greece.
Swiss-French banker Jean-Claude Oswald, who went missing in after violating his parole, was also found guilty. Three hundred other former and current Siemens employees are also being investigated. Bribery charges against Siekaczek were dropped last year. South African court rules Zuma's corruption case to continue October 26,
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