Siemens: Anatomy of Bribery Harvard Case Solution & Analysis

In November 2006, 200 German police raided the headquarters of Siemens AG, the largest engineering company in Europe, looking for evidence related to a high incidence of bribery. The raid followed extensive research of the company Siemens, which originated from the internal audit of the bank accounts believed to be used for money laundering. Against the background of the expansion suspicions, Siemens launched its internal investigation, identifying 420 million in suspicious transactions in the telecommunications device. The company hired a private law firm to conduct an independent internal investigation. The law firm reported that 1.3 billion identified suspicious payments since 1999 and has received "significant new information", which may involve senior leaders. This case follows a bribery investigation, concerning the possible reasons, the processing of the charges and the potential safeguards to protect against future problems. "Hide
by David P. Baron Source: Stanford Graduate School of Business 8 pages. Publication Date: October 20, 2008. Prod. #: P68-PDF-ENG

Share This

SALE SALE

Save Up To

30%

IN ONLINE CASE STUDY

FOR FREE CASES AND PROJECTS INCLUDING EXCITING DEALS PLEASE REGISTER YOURSELF !!

Register now and save up to 30%.