Home News Weather Finance Travel Maps Movies Lottery Horoscopes Games
 SECTION: GERMAN BUSINESS NEWS
Search The Web:
DOMAIN NAMES
AS LOW AS $2.99 / YR.
Former Siemens Chairman Tied To Scandal
Saturday, 19-Apr-2008 3:21PM United Press International
USTINET NEWS

 » Front Page

 » Top Stories

 » U.S.

 » World

 » Politics

 » Business

    Front Page

    Industires

    Labor & Unions

    World Econmony

 » Sports

 » Health

 » Tech/Science

 » Living/Entertainment

 » Off Beat Stories

 » News Photos

 » Weather


Special Editions

 » Iraq & Conflict

 » Israel/Palestine

 » Crimes & Laws


MultiMedia

 » Interactive Features

 » News Photos


POLL: Your Opinion

 » What Do You Think




BERLIN, April 19 (UPI) -- Former Siemens Chairman Heinrich von Pierer knew a great deal about the alleged bribes being paid by the German engineering group, one Siemens executive says.

SAVE MONEY ON TRAVEL DEALS

The unidentified top Siemens executive alleges Pierer knew more about the illicit dealings than he has admitted and personally had knowledge of a $10 million bribe related to a project in Argentina, Der Spiegel reported Saturday.

The Siemens Business Services manager said while other managers in the company expressed concerns with similar payments, Pierer allegedly disregarded such advice.

Another Siemens manager previously alleged that the engineering company had paid multiple bribes to the Interior Ministry as part of the Argentine project.

Pierer has maintained he was unaware of the reported bribes paid by the German company and has denied allegations he told his managers to act as "soldiers of Siemens" in those efforts.

Der Spiegel said Pierer had served as a technology adviser to German Chancellor Angela Merkel, but the government official said Thursday she would no longer be using Pierer's services.

- - - - - - - - - - - - - - - - - - - -
Related News Topics:

High-priority business news
Electronics makers and sellers
Mining and metals processing
German business news
News covering industry
News of Europe

 BREAKING STORIES

Bernanke applauds central banks abroad

Commerzbank jumps into bailout program

Porsche to ease demand on Volkswagen stock

European automakers schedule cutbacks

Steinbrueck: Financial crisis end distant

Germany accused of isolationism

Bavarian bank accepts Germany's help

Google loses German copyright lawsuit

Germans jolted by Lehman Brothers payment

European Central Bank tries to calm nerves

Deutsche Bank agrees to $3.9 billion buy

Villegas Leads BMW Championship

Big job cuts could follow Dresdner sale

Economy slowing new car models in Europe

VWs popular in China

Eurozone economy shrinks 0.5 percent

BMW recalls 200,000 vehicles

Deutsche Bank posts second-quarter profits

Tennessee becomes auto hub

Volkswagen to build plant in Tennessee

Home News Weather Finance Travel Maps Movies Lottery Horoscopes Games
Home :: My Page :: My WebMail :: My Calendar :: My Portfolio :: Chat :: Help Center :: Sign In :: Sign Out

MY.USTI.NET PORTAL  -  © 1996 - 2004 USTINET CORPORATION. ALL RIGHTS RESERVED.
Please see our Privacy Policy, Security Guarantee, Terms of Use for additional information.