Newsback - Siemens to pay $100 million to fight graft: World Bank

Siemens to pay $100 million to fight graft: World Bank

by BackBiz (Posted 07-02-2009 09:39 PM) [View Discussion | Join Discussion | Rate Thread ]

German industrial giant Siemens will pay 100 million dollars over 15 years into a fund to fight corruption after probes revealed fraud at its subsidiaries, the World Bank said Thursday. ...

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