Friday, May 25, 2007

UPDATE 1-Siemens expects big SEC fine in bribery case-paper

(Reuters) - It has not set aside any provisions to handle this and in
the worst case could also face U.S. sanctions, including
exclusion from bidding for certain contracts, he told the
Sueddeutsche Zeitung in an interview to be published on
Saturday.




"We are doing our utmost to avoid sanctions," he said,
adding that Siemens would show by painstakingly correct
behaviour that it would no longer tolerate any shady dealings.


Read more at Reuters.com Mergers News

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