Ex-Siemens CEO gets Nov bribery case deadline
FRANKFURT: Siemens AG gave ex-Chief Executive Officer Klaus Kleinfeld and other former managers until mid November to declare if they are willing to settle a bribery case or face legal action by Europe's largest engineering company.
The targeted Siemens managers also include Kleinfeld's predecessor, Heinrich von Pierer, as well as former management board members Heinz-Joachim Neubuerger, Uriel Sharef, Juergen Radomski, Johannes Feldmayer and Thomas Ganswindt, the Munich-based company said today. The managers are accused of failing to halt a bribery scandal that has plagued the company since 2006.
The company has had about 2.5 billion euros ($3.7 billion) in costs related to the bribery scandal for which it claims its former board members are partly responsible. Siemens was investigated in at least 12 nations, including the US, over allegations employees bribed clients to win contracts.
