FRANKFURT, April 29, 2008 (AFP) – An internal probe at German industrial group Siemens has found that almost all its sectors of activity were subject to active corruption, a company statement said Tuesday. The international law firm of Debevoise & Plimpton “has found evidence in each of the examined groups and in various countries indicating that domestic as well as foreign compliance regulations have been violated,” it said.
“The violations in question reflect not only outright incidents of corruption, but, in many cases, violations of regulations pertaining to internal controls,” the enquiry found.
In addition to the Com, or telecommunications division where a corruption scandal first surfaced at Siemens, lawyers looked into its activities in energy production and distribution, transportation and medical equipment.
Siemens’ supervisory board said in the same statement that it had “expressed its full trust in the managing board” and that “it is too early to make a decision on specific consequences in relation to individuals from the circle of former board members.”
That comment referred to possible claims for damages.
But the group’s Compliance Committee would be “instructed to ex