As if the firm needed more bad news, Siemens is apparently cooperating with the UN regarding bribes that may have been paid for contracts in Saddam Hussein's Iraq. The Daily Caveat had previously called attention (back in August '05) to the SEC's look at similar activities involving DaimerChrysler. Siemens and DaimlerChrysler are in good company, however. A 2005 UN report that identified some 63 German companies which paid bribes to Iraq under Hussein.

And no, smartypants, Halliburton is not a German company. Besides, that was Iran they were dealing with.

-- MDT

Labels: bribery, DaimlerChrysler, Siemens, UN