Siemens Corruption Via Black Money

All companies get around laws and bribe in some fashion or the other. Often these involve extraordinary amounts of money. If you don't believe it, watch this segment from a PBS documentary about how Siemens conveniently did this by dealing in "slush funds" to capture business and stay competitive. Later, Siemens AG was found guilty for violating the Foreign Corrupt Practices Act by the U.S Justice Department and was slapped with a whopping 800 million dollar fine.

For more on the full video, click here : http://www.pbs.org/wgbh/pages/frontline/blackmoney/view/

Category:

News & Politics

Tags:

• corruption
• seimens
• black money
• pbs
• documentary