As many suspected from the start, management knowledge of Siemens' bribery allegations now appears to date back much further than the firm had previously admitted - as far back as 2003. Not exactly news to anyone who has been reading this space for any length of time...

But now Siemen's former compliance officer, Albrecht Schaefer - who was cut loose back in August of 2007 - has it on the record in court that he informed chairman Heinrich von Pierer (who, for his part, is facing other indignations this week) and other top managers about the bribes.

In fact, he even wrote of the bribes as business strategy in an internal document in 2004. Read all about it at Deutsch Welle.


-- MDT

Labels: Albrecht Schaefer, bribery, Heinrich von Pierer, Peter Loescher, Siemens