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Print edition: 2017-03-19
Siemens says failure to publish company history not a cover-up
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Germany industrial and engineering giant Siemens said a decision not to publish a manuscript about the company's recent history, including some findings about a corruption scandal, did not amount to a cover-up. German weekly Der Spiegel said Siemens had failed to honour an agreement with two historians to publish a book manuscript which has been completed since 2014.
Siemens was involved in one of Germany's biggest corporate bribery scandals. The company was exposed as having run an elaborate bribery network, paying more than $1 billion in kickbacks to win contracts worldwide. In a written statement, Siemens emphatically denied allegations raised in Der Spiegel about potentially withholding relevant information about the bribery scandal.
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No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication, or redistributed directly or indirectly in any medium.
Business Recorder shall not be responsible or held liable for any error of fact, opinion or recommendation and also for any loss, financial or otherwise, resulting from business or trade or speculation conducted, or investments made, on the basis of the information posted here. Nor shall Business Recorder be held liable for any actions taken in consequence." >Copyright Reuters, 2017