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

                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.