Tag Archives: Siemens

The Five-Judge Court of Criminal Appeals fully acquitted 20 out of 22 people of money laundering charges in the context of the SIEMENS scandal in Greece. For most of the defendants, the prosecution was terminated due to the statute of limitations. The twenty people involved in the Siemens kickbacks case …

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The historic Greek factory , PITSOS  a leading manufacturer of household appliances and one of the largest industrial units in the country is to close down by the end of the year and being transferred from Greece to Turkey. The factory is owned by Bosch-Siemens Hausgeraete GmbH and gives work …

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Industrial giant Siemens AG has been chosen as the preferred bidder to build the Cyprus-Greece electricity connection, with regulators discussing issues of interoperability to ensure linking their national grids goes ahead smoothly. The transmission system operator of Cyprus (TSOC) and Greece (ADMIE), as well as officials from EuroAsia Interconnector and …

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An Athens Court of Criminal Appeals imposed the maximum sentences to several former top executives of SIEMENS and the Greek telecommunication company OTE as well as to bankers and businessmen involved in the kickbacks scandal. The executives were found guilty of kickbacks and money laundering in order to secure a …

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Fifteen years after the SIEMENS bribes scandal broke out, the Greek Justice ruled that  22 out of 54 defendants in total were guilty of money laundering and bribery. Two of the convicted are fugitives. The Three-Party Court of Felony Appeals ruled on Tuesday that 22 of the defendants were found …

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SIEMENS bribes amounted 75 million Deutsche Mark, while the loss for the Greek state was 69 million euros, the prosecutor of the three-member Felony Court of Appeals stated on Monday. “For the signing of the 8002 agreement between Siemens and [Greece’s Telecommunications Company] OTE , in 1997, 75 million mark …

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“I want to apologize to the Greek people, the voters who supported us, the Greek Justice, and the 12 people who were unwittingly involved in getting the money from Siemens for the party.” Former PASOK official Theodoros Tsoukatos said during his apology in the courtroom handling the bribes SIEMENS paid …

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A never ending legal story finally ended  – or not? A criminal appeals court in Athens found former PASOK Transportation Minister, Tassos Mantelis, guilty of money laundering for having accepted bribes of 450,000 DM (230,000 euros) by SIEMENS. The court, however, lowered  the prison sentence imposed on him to five …

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A prosecutor on Monday proposed that former PASOK minister Tasos Mandelis be found guilty of money laundering in relation to the sum of 450,00 German Marks (about 230,000 euros) that he is alleged to have received from German company Siemens for securing an OTE Telecom contract in 1997. Following a …

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A bomb-decision by the Court of Appeal sin Athens: The trial for SIEMENS’ sinister scheme “cash for contracts” is indefinitely postponed until the indictment and all relevant documents, a total of more than 4,500 pages, are translated into German. And French. The three judges of the Court of Appeals for …

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Swiss banker Jean-Claude Oswald, one of the key suspects in the Siemens cash-for-contracts scandal and in connection to allegedly corrupt arms deals is in custody in Greece, Greek media report on Monday. Although Oswald holds the French citizenship and the Swiss refused to extradite him to Greece, the Greek authorities …

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The joint press conference by German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras in Berlin had a strong conciliatory tone. Both sides stressed the importance of dialogue, cooperation and mutual trust. However each side focused on the issue dear to it with Germany to insist on the reforms …

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Ten years after the discovery of the scandal and judges have finally took the decision to refer 64 suspects to stand trial over bribes paid by German giant SIEMENS to secure a public contract. Among the 64 suspects are 13 German nationals, executives of the parent company. According to the …

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Greece plans to exclude German companies Siemens and Rheinmetall as well as Franco-German helicopter manufacturer Airbus Helicopters (former Eurocopter) from public procurements. Furthermore, the new Greek government intends to bring the issue of the practices of these three companies to the agenda of the European Parliament. Speaking to defense news …

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Former Transportation Minister Tasos Mantelis (PASOK) has decided to return the money he is being accused to have received as bribe by SIEMENS in order to receive reduced punishment. According to Greek media, Mantelis has declared to give 450,000 DM (230,000 euro) to public revenues office in order to enjoy favorable …

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There is an interesting development in the Greece- SIEMENS bribes scandal coming from Germany. According to a report by Sueddeutsche Zeitung/The Local.de, Greek judiciary is to pursue elven executives of SIEMENS on charges of bribing Greek politicians and public officials. Moreover Greece plans even to issue an international arrest warrant …

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A big apology, investments in Greece, 700 new jobs and scholarships is the compensation that the giant SIEMENS will pay to Greece for the bribes it gave fro several decades to secure public contracts. The compensation list includes also  170 million euro in cash and a statement of support that …

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Former Minister Tassos Mantelis was given a three-year suspended jail sentence for failing to submit his source of income declaration for the years 2006 and 2007.  Controllers had found a difference between the income declaration and the real assets. Had the Athens court given him the maximum sentence of four …

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This post would also worth to bear the title “How Germany ruined Greece economically” or what is Germany’s contribution to Greece’s economical collapse”. Yes! I’d love a satanic “hehe” here…  German weekly DER SPIEGEL brings into the spot light another bribes scandal. This time involved is the DBI – Deutsche Bundesbahn …

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