Siemens
Siemens trial to start in Athens on Feb 24
The trial of dozens of suspects in the Siemens cash-for-contracts scandal is to begin on February 24 next year, according to a court decision made public on Tuesday.
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Ex-speaker heralds justice watchdog
Former Parliament speaker and leader of the Sailing for Freedom party, Zoe Constantopoulou, announced the creation on Tuesday of a special body to "monitor and facilitate" high-profile court cases involving the state and intervene with the submission of relevant evidence to ensure that the tenets of the Greek Constitution are upheld.
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Siemens 'eager to bid' in Turkey high speed rail tender, searching for local partners
The director of Siemens Turkey's high speed trains department has said the company plans to bid in a tender expected to be opened by the Transport Ministry to buy a total of 80 high speed trains in mid-2016.
"We want to bid and we are evaluating the process now," said Siemens' Cüneyt Genç in an interview with Reuters.
Siemens trial due to start, but there are huge obstacles
It’s been almost a decade since the start of the multibillion dollar corruption scandal at Siemens. The German judiciary has long placed ex-Siemens CEO Heinrich von Pierer on file, but now Athens wants the trial of the century to fly open.
German corporate giants suspected in Greek corruption cases
Siemens, Daimler, Rheinmetall -- the cream of German industry -- have been mired in cases of alleged corruption in Greece, the country that Berlin has repeatedly admonished for the parlous state of its economy.
US graft probes may cost Petrobras record $1.6 bln or more: Source
Brazil's Petrobras may need to pay record penalties of $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company's legal advisors told Reuters.
Greek contingency plan aimed at corrupt German companies
Greece had a contingency plan to open corruption investigations into German companies so as to “raise the cost of rupture” for Greece’s creditors. The targeted companies included Siemens, Lidl and Allianz.
Siemens signs massive contract with Egypt for power generation
Siemens AG “went to town” on Wednesday by winning an eight-billion-euro order by Egypt to build gas and wind power plants in the country, called the biggest single order in the German multinational’s history.
The announcement came as Egyptian President Abdel Fattah Al-Sisi was on an official visit to Germany.
Parliament starts fresh inquiry into Siemens scandal
Parliament launched its latest inquiry into the Siemens cash-for-contracts scandal on Tuesday, with the head of the previous committee - former PASOK MP Syfis Valyrakis - being called as the first witness.
Varoufakis submits document on Siemens scandal
Finance Minister Yanis Varoufakis underlined the political, moral and legal commitment of the Radical Left Coalition (SYRIZA) government to shed light on the Siemens scandal in a document he submitted to Greek Parliament. The document was submitted in response to a question submitted by Independent Greeks (ANEL) deputy Nikos Nikolopoulos regarding the out-of-court settlement with Siemens.
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