Greece to seek damages from Siemens over bribery claims

[Joanne98]

Source: BBC

The Greek government said it will take legal action against Siemens for allegedly bribing officials.

It follows an 11-month parliamentary investigation that estimated the cost to Greek taxpayers of the alleged bribery at 2bn euros ($2.7bn, £1.7bn)

The bribery allegedly took place during 1997-2002 and affected telecoms contracts as well as security prior to the 2004 Athens Olympics.

A Socialist ex-minister admitted his involvement in one bribe last year.

The former Transport Minister, Tassos Mantelis, told the investigating committee he had accepted the equivalent of 100,000 euros (£116,000, $122,000) in 1998.



Read more: http://www.bbc.co.uk/news/business-12272153

[JNelson6563]

1. Good, I hope they win big!

[bemildred]

2. Make 'em pay through the nose, this is criminal behavior. nt