Siemens manager hands himself over to police in corruption probe
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A top manager at Siemens has turned himself in to police and has made detailed statements with on an unfolding bribery scandal at the German engineering giant, prosecutors said.
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The alleged bribery scandal surrounding the German conglomerate Siemens may scupper a planned tie-up with Finnish telecommunications equipment maker Nokia, according to a German newspaper report.
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Israeli Police Chief Moshe Karadi resigned on Sunday after a government inquiry recommended he steps down in a scandal that linked his department to the underworld.
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The DUP calls for an investigation into SDLP's claims it ensured the  appointment of  the chief constable.
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Informants, seeking a reward from Microsoft, led police to the German student.
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MANCHESTER, N.J. - A police officer who claimed he was conducting his own prostitution sting and strip search ended up being the one arrested.
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DaimlerChrysler AG disclosed Thursday that the Securities and Exchange Commission has opened an investigation after a fired employee told labor officials he was dismissed for complaining that the company was using secret bank accounts to bribe government officials.
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From the Siemens bribery investigation to the prosecution of illicit conduct at Volkswagen, the German business world is undergoing a painful national cleansing process.
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A corruption affair that has shaken German industrial conglomerate Siemens AG  has spread to the United States with investigations by the U.S. Department of Justice and Securities and Exchange Commission.
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Siemens, the German engineering company, banned its sales managers from using consultants for winning new orders after an investigation into whether money was embezzled through such agreements to bribe customers. âWe decided to introduce a general ban on the use of consultant agreements in our sales organization,â a spokeswoman, Monika Bruecklmeier, said. Exceptions can be granted only through the companyâs head of compliance, she said. An investigation of such payments has spread to at least six countries and forced the company to review 420 million euros ($544 million) in payments, and has put pressure on Siemens to explain how the suspected system of bribes went unchecked by top management.
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Siemens supervisory board chief Heinrich von Pierer said he had no intention of stepping down over a bribery and embezzlement probe at the German engineering giant, in an interview.
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Sport: Detectives probing allegedly dodgy deals in the Premiership have made their first arrest.
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Authorities arrested a manager at a top subsidiary of Russian oil giant OAO Yukos amid an investigation into the alleged embezzlement of millions in company funds, a Russian news agency reported Thursday.
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Police raided the offices of Germany's Air Berlin PLC as part of an investigation into claims of insider trading ahead of its acquisition of rival dba last year, the carrier said Tuesday. via Sympatico Finance
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Nigeria's police chief announces his retirement, as an anti-corruption body says he is being investigated for corruption.
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Siemens supervisory board chairman Gerhard Cromme said Thursday the US Securities Exchange Commission (SEC) and Department of Justice had agreed to talks on probes into "alleged corruption and proven misconduct" at the company.
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The new chief executive of the engineering conglomerate Siemens said that a top priority for his first 100 days on the job would be to simplify the organizational structure that may have contributed to a bribery scandal.