Siemens Reveals More Cash Is Missing

Summary


PRESSURE is mounting on top executives at Siemens after the arrest of a former senior manager in a growing investigation into possible corruption at Europe's biggest engineering company.

The firm is now saying it is probing possible bribery of more than 420m (GBP 283m) in consultancy payments, more than twice previous estimates.

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Siemens Reveals More Cash Is Missing

Thomas Ganswindt is the most senior former manager to be detained in the investigation so far. Munich prosecutors said they ha...

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