Siemens engaged in widespread bribery around the world from the 1990s to the 2000s, paying over $1.6 billion in bribes to win government contracts. Investigations in Germany and other countries found slush funds and undocumented payments used to bribe foreign officials. As a result of its corrupt practices, Siemens faced billions in fines, numerous prosecutions of executives, and reforms to its compliance programs.
Siemens engaged in widespread bribery around the world from the 1990s to the 2000s, paying over $1.6 billion in bribes to win government contracts. Investigations in Germany and other countries found slush funds and undocumented payments used to bribe foreign officials. As a result of its corrupt practices, Siemens faced billions in fines, numerous prosecutions of executives, and reforms to its compliance programs.
Siemens engaged in widespread bribery around the world from the 1990s to the 2000s, paying over $1.6 billion in bribes to win government contracts. Investigations in Germany and other countries found slush funds and undocumented payments used to bribe foreign officials. As a result of its corrupt practices, Siemens faced billions in fines, numerous prosecutions of executives, and reforms to its compliance programs.