Greek PM Kyriakos Mitsotakis involved in multiple scandals involving Siemens and other companies?


Greek PM Kyriakos Mitsotakis involved in multiple scandals involving Siemens and other companies?

Siemens violated the FCPA by engaging in a widespread and systematic practice of paying bribes to foreign government officials to obtain business. One of those bribery cases implicates the  Greek Prime Minister Kyriako Mitsotaki.

Between March 12, 2001 and September 30, 2007, Siemens violated the FCPA by engaging in widespread and systematic practice of paying bribes to foreign government officials to obtain business opportunities. Siemens created elaborate payment schemes to conceal the nature of its corrupt payments, and the company’s inadequate internal controls allowed the conduct to flourish. The misconduct involved employees at all levels, including former senior management, and revealed a corporate culture long at odds with the FCPA.

During this period, Siemens made thousands of payments to third parties in ways that obscured the purpose for, and the ultimately the recipients of, the money.

At least 4,283 of those payments, totaling approximately $1.4 billion, were used to bribe government officials in return for business to Siemens around the world.

For the documentation demonstrating and proving all this, click the below link of this article’s source:

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