Settlements

ST-325
Siemens AG / Siemens Bangladesh Limited
Siemens AG
United States
Department of Justice
Bangladesh
2008
12/15
Germany, World Bank
Legal Person
Criminal
Guilty Plea
Criminal Fine
$500,000.00
$500,000
$0
Art.16, Art.23, Art.26
Art. 1, Art. 2, Art. 7, Art. 8
Conspiracy to Bribe Foreign Officials
Conspiracy to Bribe Foreign Officials
Yes
According to the June 2011 United States Report to the OECD, "On December 11, 2008, Siemens Aktiengesellschaft (Siemens AG), a German corporation, and three of its subsidiaries were charged in separate criminal informations filed in the U.S. District Court for the District of Columbia for their roles in a scheme to bribe foreign officials in several countries. [ ] Bangladesh: From 2001 through 2006, Siemens Bangladesh caused corrupt payments of at least $5,319,839 to be made through purported business consultants to various Bangladeshi officials in exchange for favorable treatment during the bidding process on a mobile telephone project. At least one payment to each of these purported consultants was paid from a U.S. bank account." (Source: US Report to the Organisation for Economic Co-operation and Development, "Steps taken to implement and enforce the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions," Information as of May 31, 2011, Siemens Aktiengesellschaft (Siemens AG) Case Summary at 70-73.)