Six Siemens directors to pay fraud-tied damages: Firm
The German industrial group Siemens said on 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 (7,5 million dollars), the group said.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.