Siemens Executive Arrested
Mark Landler writes in The New York Times:
German prosecutors arrested one of the top-ranking executives at Siemens on Tuesday in an investigation into suspected bribery, dealing the troubled company another blow in what has become a steady drumbeat of corruption accusations.More here.
The executive, Johannes Feldmayer, was detained as prosecutors searched company offices in Munich, where Siemens is based, and two other German cities, a spokeswoman for Siemens said.
A member of the Siemens management board, Mr. Feldmayer, 50, is the most senior executive to be arrested in a raft of investigations into Siemens, the engineering giant, which began last year and has grown into a far-reaching corporate scandal in Germany.
posted by Fergie @ 3/27/2007 11:09:00 PM
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