How deep does the scandal go? Like, really deep would be the answer. A sample from the Spiegel article:

....the company had to wire €418 million in fines to the European Commission last week because, according to EU authorities, Siemens was a ring leader in a cartel of companies selling power station equipment -- dividing up the market among themselves. Though Siemens is planning to fight the fine, it took a huge chunk out of the company's first quarter profits.

More here.

-- MDT

Labels: audit, bribery, corruption, Siemens