US District Court Archives


Most of Siemens bribes were for telecom

Posted on December 26, 2008  /  0 Comments

Of the 4,283 bribery payments documented by the investigators, 2,505 (more than half) were made in relation to telecom contracts.   Of the total of USD 1,400.7 million disbursed, USD 813.9 million (more than half) were for telecom.  However, the complaint documents only three specific cases of large bribes paid in Vietnam, Bangladesh and Nigeria, all to government officials or politicians (including functionaries in government owned telecos).