Fascination About siemens

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In September 2019, Siemens and Orascom Construction signed an settlement Using the Iraqi federal government to rebuild two energy plants, which can be thought to put in place the corporate for foreseeable future offers from the region.[138]

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The investigation resulted in a number of prosecutions and settlements with different governments, and authorized action against Siemens employees and those who acquired bribes. Noteworthy situations consist of the conviction of two former executives in 2007 for bribing Italian Power business Enel, a settlement Together with the Greek govt in 2012 for 330 million euros over the Greek bribery scandal, plus a guilty plea in 2014 from previous Siemens executive Andres Truppel for channeling practically $a hundred million in bribes to Argentine govt officers.

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