Siemens is a company that has a footprint in many high tech areas, such as energy, healthcare and manufacturing. It’s also a company that has had its share of troubles stemming from allegations of corruption and bribery. And, for a business that has weathered run-ins with the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) in the last five years, news of more bribery allegations is not welcome.
But that is exactly what five current and former Siemens executives are facing: bribery charges. Current Siemens employee Bernd Regendantz and four former executives, Uriel Sharef, Ulrich Bock, Eberhard Reichert and Andres Trupple, have been charged with bribing Argentine officials.