Siemens Will Pay for Corrupt Practices in Greece, Gets Major New Bid
EUROKINISSI
Despite publicly admitting to engaging in bribery that shortchanged the Greek state out of hundreds of millions in investments, Germany's Siemens was recently awarded a major bid for the Athens metro. The deal comes after the German company promised to make reparations.
Despite publicly admitting to engaging in bribery that shortchanged the Greek state out of hundreds of millions in investments, Germany's Siemens was recently awarded a major bid for the Athens metro. The deal comes after the German company promised to make reparations.
Siemens promised to pay 80 million euros for debt repayments, 90 million will be spent on compensation of losses. Siemens will also invest about 100 million euro in academic and research programs.
- Already a subscriber?
Sign in to read full article. - Not a subscriber?
Subscribe now and get full access!
Or... enter your email and start reading this article now:
1 reader comment
wrote on
April 10, 2012
10:12 PM