Siemens to pay $1.3B in fines

Dec 22, 2008 | 02:03 PM |

Siemens AG agreed this week to pay more than $1.3 billion in fines in Germany and the United States to settle corruption charges.

The Munich-based engineering company will pay $800 million in fines in the United States and another $533.6 million to European authorities. Siemens has acknowledged making unlawful....

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