Six Siemens directors to pay fraud-tied damages
Thursday, 3 December 2009
FRANKFURT, Dec 2 (AFP): The German industrial group Siemens said Wednesday that six more former directors would pay damages in connection with a wide-ranging corruption scandal.
In all, nine former Siemens executives, including ex bosses Heinrich von Pierer and Klaus Kleinfeld, had agreed to pay the company millions of euros in connection with the scandal.
Von Pierer alone would pay five million euros (US$ 7.5 million), the group said.
Head of Siemens from 1992 to 2005 and president of its supervisory board until 2007, von Pierer was seen at the time as Germany's most influential boss.
Kleinfeld, who succeeded von Pierer as head of Siemens until 2007 before moving to the Canadian group Alcoa, is to pay two million euros in charges.
In all, nine former Siemens executives, including ex bosses Heinrich von Pierer and Klaus Kleinfeld, had agreed to pay the company millions of euros in connection with the scandal.
Von Pierer alone would pay five million euros (US$ 7.5 million), the group said.
Head of Siemens from 1992 to 2005 and president of its supervisory board until 2007, von Pierer was seen at the time as Germany's most influential boss.
Kleinfeld, who succeeded von Pierer as head of Siemens until 2007 before moving to the Canadian group Alcoa, is to pay two million euros in charges.