Siemens ended the long-standing bribery investigation at the expense of $1.3 billion.
Yesterday, Siemens Chairman of the Supervisory Board, Cromer, admitted in an interview with the Chinese media that Siemens has turned over a heavy chapter in history, and the allegations of bribery against Germany and the United States have been settled. Since then, Siemens has established a culture of compliance based on a strong leadership mechanism.
Siemens CEO Luo Xude said that Siemens has reached a settlement with German and US authorities in a relatively short period of time. It is understood that Siemens revealed that $800 million of the $1.3 billion was paid to the US government and €395 million was paid to the German authorities. Of the $800 million in fines paid to the US government, the US Department of Justice will receive $450 million and the US Securities and Exchange Commission will receive $350 million.
In response to the case that Siemens was suspected of bribing Chinese medical officials, the Siemens China public relations official said yesterday that the relevant issues can only wait for the head office to reply. It is reported that Siemens has bribed $2 billion in China.
However, an expert from the Research Center of the Multinational Corporation of the Ministry of Commerce believes that in the future, Siemens will intentionally avoid making details on the judgment of the bribery case.
In fact, the Siemens case has awakened the Chinese government departments with close contact with foreign capital, and the government should be more open and transparent in the future. The above experts admit that national rights institutions, including the Ministry of Commerce, may breed corruption when it comes to industry access. Earlier, Guo Jingyi, the former inspector of the Department of Law and Law of the Ministry of Commerce, was arrested three months later after being arrested for suspected bribery.
At present, Siemens China's business involves information communication, automation and control, power, transportation, medical, finance, lighting and household appliances. According to media reports, the Siemens Global Corruption Case has involved various business areas of Siemens China. The above experts believe that because of Siemens' extensive business in China, bribery cases involve multiple power departments.
Between 2002 and 2007, Siemens Transportation paid approximately $22 million to business consulting firms and related agencies based in Hong Kong, and through these institutions bribed mainland officials to obtain seven subway trains and signaling equipment totaling more than $1 billion. project.
From 2002 to 2003, Siemens PTD paid $25 million to business consulting firms, bribed Chinese officials, and received two high-voltage transmission line projects worth about $838 million in South China.
Between 2003 and 2007, Siemens Medical Group paid about $14.4 million in bribes and bribed five Chinese state-owned hospitals to receive $295 million in medical equipment orders. The payment method was to set up a fund for Chinese doctors to conduct. Luxury travel.
In this regard, experts believe that the bribery case undoubtedly caused the image of Siemens in China to be tainted, but it does not mean that its domestic development will be too negatively affected.
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