Settlements

ST-329
Siemens AG [2007 Germany Settlement]
Siemens AG
Germany
Munich Public Prosecution Office
Libya, Nigeria, Russia
2007
10/04
United States, The World Bank
Legal Person
Criminal
Art. 30 Administrative Code-OWiG
Criminal Fine, Criminal Confiscation
$284,585,850.00
$1,415,850
$283,170,000
Unspecified
Art.16, Art.26
Art. 1, Art. 2
Breach of Trust (section 266(1) Criminal Code)
Breach of Trust (section 266(1) Criminal Code)
Yes
According to the March 2011 Report by the Organisation for Economic Co-Operation and Development (OECD) on Germany's Enforcement of the Anti-Bribery Convention, Germany prosecuted two Siemens-related cases, and cited as sources: "i) Decision of the Munich I Regional Court of 4 October 2007 pursuant to section 30 OWiG in conjunction with section 334 CC - against the telecommunication unit of Siemens – fine of EUR 201 million (see also Annual reports 2006-2007 and 2007-2008 Bavaria (i) and Germany’s reply to Phase 3 questionnaires), hereinafter Case “Telecommunications Unit of Siemens”; ii) Decision of the Munich I Public Prosecution office of 15 December 2008 pursuant to sections 130 and 30 OWiG - against Siemens – Fine of EUR 395 million (see all Annual reports, about a « Hesse based Company » and related decision of the Federal Court of Justice of 28 August 2008 - Ref. Supra.), hereinafter Case “Siemens (except Telecommunications Unit)” (Source: Organisation for Economic Co-operation and Development, "Germany: Phase 3, Report on the Application of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and the 2009 Revised Recommendation on Combating Bribery in International Transactions, approved and adopted by the Working Group on Bribery in International Business Transactions on 17 March 2011.")