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SafariNow
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Articles: Former Siemens Managers Convicted of Paying Bribes
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Posted by Admin on Tuesday, May 15, 2007 - 09:13 AM
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Science and Technology

Two former managers of engineering giant Siemens were given suspended sentences o­n Monday for paying bribes to secure contracts for power plants in Italy.


At the end of a trial lasting two months, the Darmstadt state court convicted the two men of embezzling more than 6 million euros ($8.1 million) to bribe employees of Italian energy concern Enel. The bribes were meant to secure gas-turbine contracts valued at 450 million euros.

A former head of the Siemens power plant unit received a two-year suspended sentence, and a consultant engineer who admitted being guilty of the charges was given a nine-month suspended sentence.

The court also ordered the embattled Siemens concern to pay 38 million euros into state coffers.

The verdicts follow similar sentences handed down by a court in Milan to two Enel employees and two other Siemens managers charged in Italy in connection with the bribery case.

The German engineering giant said in a statement that it would appeal the fine.

"We maintain that the court's order to forfeit the profits from two orders placed by Enel with Siemens' power generation division for the supply of power plant equipment in 2000 and 2001 is illegal," the statement said. "The court's decision has no basis in law or in fact."

Only the beginning?

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