{"id":1895,"date":"2007-08-18T09:56:56","date_gmt":"2007-08-18T08:56:56","guid":{"rendered":"http:\/\/www.ethicalquote.com\/index.php\/2007\/08\/18\/siemens-bribery-investigation-extended-to-indonesia-china\/"},"modified":"2007-08-18T09:56:56","modified_gmt":"2007-08-18T08:56:56","slug":"siemens-bribery-investigation-extended-to-indonesia-china","status":"publish","type":"post","link":"https:\/\/www.covalence.ch\/index.php\/2007\/08\/18\/siemens-bribery-investigation-extended-to-indonesia-china\/","title":{"rendered":"Siemens bribery investigation extended to Indonesia, China"},"content":{"rendered":"<p class=\"MsoNormal\"><a href=\"http:\/\/www2.irna.ir\/en\/news\/view\/menu-234\/0708188473220914.htm\" target=\"_blank\" title=\"070824_siemens2.jpg\"><img decoding=\"async\" src=\"http:\/\/www.ethicalquote.com\/newTemplate\/wp-content\/uploads\/2007\/08\/070824_siemens2.jpg\" title=\"070824_siemens2.jpg\" alt=\"070824_siemens2.jpg\" align=\"right\" \/><\/a><span lang=\"EN-GB\">German electronics giant Siemens is facing additional corruption accusations as part of a major bribery investigation to land business deals in <\/span><st1:country-region><st1:place><span lang=\"EN-GB\">China<\/span><\/st1:place><\/st1:country-region><span lang=\"EN-GB\"> and <\/span><st1:country-region><st1:place><span lang=\"EN-GB\">Indonesia<\/span><\/st1:place><\/st1:country-region><span lang=\"EN-GB\">, the homepage of the weekly Der Spiegel news magazine reported Saturday. According to the report, the Munich-based firm transferred 19.7 million euros via a secret <\/span><st1:place><span lang=\"EN-GB\">Liechtenstein<\/span><\/st1:place><span lang=\"EN-GB\"> banking account in connection to a power station in <\/span><st1:country-region><st1:place><span lang=\"EN-GB\">Indonesia<\/span><\/st1:place><\/st1:country-region><span lang=\"EN-GB\">. Siemens auditors had tracked down evidence of illegal payments linked to the construction and operation of the 1,200-Megawatt Paiton II station in eastern Java. The deal was worth around 1.2 billion US dollars and was signed during the <\/span><st1:country-region><st1:place><span lang=\"EN-GB\">Indonesia<\/span><\/st1:place><\/st1:country-region><span lang=\"EN-GB\"> visit of then-chancellor Helmut Kohl in 1995. Siemens officials have repeatedly stated that the contract was obtained legally. Meanwhile the weekly WirtschaftsWoche reported that Siemens company heads in <\/span><st1:country-region><st1:place><span lang=\"EN-GB\">China<\/span><\/st1:place><\/st1:country-region><span lang=\"EN-GB\"> are essentially operating outside the control of company headquarters in <\/span><st1:city><st1:place><span lang=\"EN-GB\">Munich<\/span><\/st1:place><\/st1:city><span lang=\"EN-GB\">. Firm auditors had also discovered illicit financial activities of Chinese Siemens managers. Siemens has refused to comment, citing the ongoing investigation as reason for its silence. Image source: <\/span><span style=\"font-size: 9pt; font-family: Arial\" lang=\"EN-GB\">spiegel.de. &gt; <a href=\"http:\/\/www2.irna.ir\/en\/news\/view\/menu-234\/0708188473220914.htm\" target=\"_blank\"><span>Continue<\/span><\/a><\/span><span lang=\"EN-GB\"><o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-GB\"><o:p><\/o:p>News selected by Covalence | Country: <\/span><st1:country-region><st1:place><span lang=\"EN-GB\">Indonesia<\/span><\/st1:place><\/st1:country-region><span lang=\"EN-GB\">, <\/span><st1:country-region><st1:place><span lang=\"EN-GB\">China<\/span><\/st1:place><\/st1:country-region><span lang=\"EN-GB\"> | Company: <\/span><a href=\"http:\/\/www.ethicalquote.com\/newTemplate\/index.php\/ethicalquote\/?value=9\"><span lang=\"EN-GB\">Siemens<\/span><\/a><span style=\"font-size: 9pt; font-family: Arial\"> <\/span><span lang=\"EN-GB\">| Source: <\/span><a href=\"http:\/\/www2.irna.ir\/en\/news\/view\/menu-234\/0708188473220914.htm\" target=\"_blank\"><span lang=\"EN-GB\">D<\/span><\/a><a href=\"http:\/\/www.spiegel.de\/international\/\" target=\"_blank\"><span lang=\"EN-GB\">er Spiegel \/ IRNA<\/span><\/a><span lang=\"EN-GB\"><o:p><\/o:p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German electronics giant Siemens is facing additional corruption accusations as part of a major bribery investigation to land business deals in China and Indonesia, the homepage of the weekly Der Spiegel news magazine reported Saturday. According to the report, the Munich-based firm transferred 19.7 million euros via a secret Liechtenstein banking account in connection to&hellip;<\/p>\n","protected":false},"author":665,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"wds_primary_category":0,"wds_primary_post_series":0,"footnotes":""},"categories":[1],"tags":[8],"post_series":[],"class_list":["post-1895","post","type-post","status-publish","format-standard","hentry","category-news","tag-siemens","entry","no-media"],"_links":{"self":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts\/1895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/users\/665"}],"replies":[{"embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/comments?post=1895"}],"version-history":[{"count":0,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts\/1895\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/media?parent=1895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/categories?post=1895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/tags?post=1895"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/post_series?post=1895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}