Siemens suspends employee after searches by public prosecutors
Siemens has suspended another employee after the Munich Office of Public Prosecution again conducted a search at the beginning of the week in conjunction with the known irregularities at the Communications Group (Com). Two arrest warrants were issued in connection with the investigation. Siemens is cooperating with the Office of Public Prosecution and has provided all documents needed.
Siemens AG (Berlin and Munich) is a global powerhouse in electrical engineering and electronics. The company has around 475,000 employees (including discontinued operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. Siemens provides innovative technologies and comprehensive know-how to benefit customers in over 190 countries. Founded more than 155 years ago, the company focuses on the areas of Information and Communications, Automation and Control, Power, Transportation, Medical, and Lighting. In fiscal 2006 (ended September 30), Siemens had sales of €87.3 billion and net income of €3.033 billion, according to U.S. GAAP. Further information is available in the Internet at: www.siemens.com.
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