U.S. Indicts Eight Former Siemens’ Executives and Agents in Alleged $100 Million Foreign Bribe Scheme Involving Argentina

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Wednesday, February 1, 2012

Author:

Bruce Zagaris

Volume:

28

Issue:

2

Abstract:

On December 13, 2011, the U.S. Department of Justice announced that eight former executives and agents of Siemens AG and its subsidiaries have been charged for allegedly engaging in a ten-year scheme to bribe senior Argentine government officials in order to obtain, implement and enforce a $1 billion contract with the Argentine government to produce national identity cards.^{^[1]}

^{^[1]} U.S. Department of Justice, Eight Former Senior Executives and Agents of Siemens Charged in Alleged $100 Million Foreign Bribe Scheme, Dec. 13, 2011.