Germany : Siemens has already sanctioned 470 workers implicated in a corruption affair and encourages whistle-blowing among other employees

dal has assumed unexpected proportions. The biggest German technology group acknowledged on November 8, 2007 having discovered in its accounts suspicious transactions amounting to 1.3 billion Euros between 2000 and 2006. Furthermore, Siemens launched on October 31 a whistle-blowing procedure (alert and denunciation) with the promise of leniency for repentant employees but not senior managers. (Ref. 070925)

Hitherto, the management of the German electronics giant had acknowledged that...