Siemens Pays $1.6B to Settle Bribery Case… But Doesn’t Admit To Paying Bribes
The European engineering giant settles a massive bribery case, pays US$1.6 billion in fines, and somehow manages to stay off US government blacklists, which (in theory) prohibit giving contracts to companies who pay bribes. Daniel Kaufmann has an analysis of the echoing hollowness of Seimens’s previous CSR commitments. Kaufmann writes: “The case of Siemens illustrates…