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DOJ Indictment Against Former Siemens Executives and Agents

DOJ Indictment Against Former Siemens Executives and Agents

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Published by Mike Koehler

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Categories:Business/Law
Published by: Mike Koehler on Dec 13, 2011
Copyright:Attribution Non-commercial

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01/24/2012

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UNITEDSTATESDISTRICTCOURTSOUTHERNDISTRICTOFNEWYORK
x
UNITEDSTATESOFAMERICA
-v.-
INDICTMENT
11
eRMJ
056
RIELSHAREF,HERBERTSTEFFEN,ANDRESTRUPPEL,ULRICHBOCK,EBERHARDREICHERT,STEPHANSIGNER,CARLOSSERGI,andMIGUELCZYSCH,Defendants.
-----------------x
COUNTONE
(ConspiracytoCommitBribery,FalsifyCorporateBooksandRecords,CircumventInternalControls,andCommitFraud)RelevantEntitiesandPersonsTheGrandJurycharges:1.AtalltimesrelevanttothisIndictment,SiemensAktiengesellschaft(hereafterreferredtoas"SiemensAG,"andcollectivelywithitsoperatinggroups,divisions,subsidiaries,andaffiliatesas"Siemens"),wasanengineeringcompanyheadquarteredinMunich,Germanythathadmorethan400,000employeesandoperationsinapproximately190countriesworldwide,includingtheunitedStates.SiemensAG'sbusinessprimarilyinvolveddeveloping,constructing,selling,andservicingequipmentandsystemsfor
 
national,state,andmunicipalgovernments.Thecompanyemployedmorethan60,000peopleintheUnitedStates,derivedsubstantialrevenuefromsalesintheUnitedStates,andmaintaineditsU.S.headquartersinManhattan,NewYork.2.AsofMarch12,2001,SiemensAGwaslistedontheNewYorkStockExchangeandwasan"issuer,"asthattermisusedintheForeignCorruptPracticesAct.
See
15U.S.C.
§
78dd-l(a).3.SiemensAGhada"SupervisoryBoard"anda"ManagingBoard,"inaccordancewithGermanlaw.TheSupervisoryBoard,whichservedafunctionsimilartothatofaU.S.company'sboardofdirectors,appointedandremovedmembersoftheManagingBoardandoversawmanagement,butwasnotpermittedtomakemanagementdecisions.TheManagingBoard,orthe
Vorstand,
wasresponsibleformanagingSiemens'sbusinessoperationsandgenerallywascomprisedof10members.SiemensAGalsohadaCorporateExecutiveCommittee("CEC"),orthe
zentralVorstand,
whichwascomprisedofmember-softheManagingBoard,includingtheChiefExecutiveOfficer("CEO")andtheChiefFinancialOfficer("CFO"),amongselectothers.MembersoftheCECwereassignedadvisoryresponsibility,underthetitleof"Coach,"forparticularareasandregionsofSiemens'sglobalbusinessoperationsandspecialprojects.Inturn,seniorexecutivesatthegrouporregionallevelprovidedmonthlyreportstotheCEC,briefedtheCEConmajorprojectsandothermattersof
-2-
 
significance,andregularlyengagedwiththeCoachassignedtotheirareaorregion.4.Siemens'sworldwideoperationswerecarried.outbyoperatinggroupsofSiemensAGbasedinGermany,andbyanarrayofregionalSiemenscompaniessituatedaroundtheglobe.5.TheprojectsforwhichSiemenswashiredworldwideweretypicallyrunoutofGermanybyunitswithintheSiemensAGoperatinggroups,withsupport,asneeded,fromregionalcompanies.TheseunitswithintheSiemensAGoperatinggroupssometimestooktheformofwhollyownedsubsidiariesofSiemensAG,andtypicallywerethemselvessplitintovarioussubdivisions,withnameslike"MajorProjects."Theoperatinggroupunitsubdivisionswereresponsibleforday-to-dayprojectmanagement,andgenerallyconsistedoftwocomponents:a"commercial"side,whichoversawtheproject'sadministrationandfinances;anda"technical"side,whichprovidedoperationaloversight.Thisdual-managementstructureservedachecks-and-balancesfunction,whichwasalsopromotedbyasetofprinciplesandguidelinestowhichmanagersadheredinconductingSiemens'sbusiness.Onesuchrule,knownasthe"4-eyeprinciple,"requiredsignaturesoftwomanagers,onecommercialandonetechnical,toauthorizethird-partydisbursementsonprojects.6.AtalltimesrelevanttothisIndictment,SiemensBusinessServicesGmbH
&
Co.
OGH("SBS"),headquarteredinMunich,
-3-

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