Monday, May 7, 2007

Ex-Siemens Managers Should Get Jail Sentences for Bribery, Prosecutor Say

(Bloomberg) -- Two former Siemens AG managers who are on trial in Germany should be given jail sentences, a prosecutor told a Darmstadt court in the first such trial since Siemens became the focus of several bribery investigations last year.

Prosecutor Ulrich Busch asked the court to sentence Andreas Kley, an ex-finance chief at the Siemens power-generation unit, to three and a half years in jail for bribery and breach of fiduciary duty. He asked the court for an 18-month suspended sentence for bribery for Horst Vigener, a consultant to Siemens at the time of the alleged offense. Both men deny the charges.


Read more at Bloomberg Energy News

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