Siemens admits corruption charges, fined $1.33 billion

Dec 23, 2008 | 12:06 PM | Tom Jennemann

Siemens AG will pay more than $1.33 billion in fines in the United States and Germany to settle corruption charges.

The Munich-based engineering company, which acknowledged making unlawful payments to secure business, will pay $800 million in penalties in the United States and another $533.6 million to European authorities, the largest amount a company has ever paid to resolve corruption-related charges.....

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