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Siemens AG Wittelsbacherplatz 2 80333 München, Germany http://www.siemens.com
Contact Mr Stefan Schmidt +49 89 63634888
SA
Siemens AG

Siemens AG reaches a resolution with German and U.S. authorities

Siemens AG announced today that legal proceedings against it arising from allegations of bribing public officials were concluded on the same day in Munich, Germany, and in Washington, DC. Siemens will pay total fines and penalties of about Euro 1 billion

(PresseBox) (München, )
In Munich, the public prosecutor announced the termination of the legal proceeding alleging the failure of the former Managing Board of Siemens AG to fulfill its supervisory duties. Siemens agreed to pay a fine of Euro 395 million. The payment of this fine marks the conclusion of this legal proceeding in Germany. In a similar action in October 2007 relating to Siemens' former telecommunications or Com Group, Siemens paid Euro 201 million. This brings the total amount payable to authorities in Germany in connection with these legal proceedings to Euro 596 million. The investigations of former members of the Managing
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.