Surprising virtually no one, former Siemens anti-corruption official, Albrecht Schaefer indicated in his recent testimony that the company's top brass ignored the bribery that was happening right under their noses.

Moreover, Schaefer stated flatly that he personally informed several familiar names (Heinz-Joachim Neubuerger, Juergen Radomski, and Thomas Ganswindt) about the dubious practices he had observed.

-- MDT

Labels: Albrecht Schaefer, bribery, Heinz-Joachim Neubürger, Juergen Radomski, Siemens, Thomas Ganswindt

Siemens Chief Financial Officer Joe Kaeser as well as executive board member Rudi Lamprecht are denying newspaper reports that they are connected with the ongoing bribery probe at the international conglomerate. Siemens itself has also released a statement indicating that neither Kaseser or Lamprecht have been contacted by prosecutors at this time.

Several other past and present high-ranking Siemen's execs have been implicated in the investigation, including, most notably Thomas Ganswindt and Heinz-Joachim Neubuerger .

Siemens shareholders will be meeting on Thursday in Munich. Look out for the fireworks.

-- MDT

Labels: bribery, Heinz-Joachim Neubürger, Joe Kaeser, Rudi Lamprecht, Siemens, Thomas Ganswindt

Released, that is, after "providing evidence that supports the allegations against them."

The real questions is, who else they might have provided evidence against. For those keeping score, Thomas Ganswindt, the former head of Siemens telecommunications equipment unit was among those released. It is unclear whether any or all of the six will face charges and they remain under investigation.

More here.

-- MDT

Labels: bribery, Siemens, Thomas Ganswindt

Typical great coverage from Spiegel on this case.

-- MDT

Labels: bribery, Siemens, Thomas Ganswindt

Thomas Ganswindt - the former head of Siemens telecom equipment division. Before his dependence on the insistent hospitality of European law enforcement, Ganswindt reported directly to Siemen's chief exec Klaus Kleinfeld and served on Siemen's central executive board. Ganswindt left Seimans back in September and had most recently served as CEO of Elster Group based out of Luxembourg. Further details on Ganswindt and the ongling Siemens bribery investigation can be found here.

-- MDT

Labels: bribery, Elster Group, Klaus Kleinfeld, Siemens, Thomas Ganswindt