news worthy

On November 16 2007, an article on the Wall Street Journal stated that Siemens AG paid millions of euros in bribes to cabinet ministers and dozens of other officials in Nigeria, Russia and Libya as it sought to win lucrative contracts for telecommunications equipment.  An Oct. 4 ruling by a Munich court names four former Nigerian telecommunications ministers as well as other officials in Nigeria, Libya and Russia as recipients of 77 bribes (33 of which were given to Nigerian Officials) totaling about €12 million, or about $17.5 million. For more detail on this article; www.wsj.com Siemens Ruling Details Bribery Across the Globe By David Crawford and Mike Esterl.  If you are having trouble locating the article let me know. Have a lovely week ahead.

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