Siemens HQ raided by cops over alleged embezzlement
Oh Siemens employees, have you been naughty this year? German prosecutors and law enforcement seem to think so, given that police searched company buildings and employees' residences as part of an investigation alleging that workers embezzled somewhere around €20 million ($25.6 million), and that there was possible fraud, bribery and/or corruption within the company. More than 200 officers, prosecutors and tax inspectors checked nearly 30 business locations in Munich and other sites around the country. To be fair, Andreas Schwab, a company spokesperson, acknowledged that although "certain Siemens employees have engaged in fraud," the company was "cooperating fully" with the investigation. If authorities ever do manage to recover the money, they may have to just accept that the first million was already spent on lifetime supplies of Krombacher and bierwurst -- well, that's what we'd spend it on if we were in Germany, anyway.
[Via The Inquirer, image courtesy German Press Agency]
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[Via The Inquirer, image courtesy German Press Agency]
Read - Der Spiegel
Read - BBC
Read - The Associated Press
Read - Bloomberg

















Reader Comments (Page 1 of 1)
Simon @ Nov 16th 2006 3:42PM
"Krombacher and bierwurst", damn, didn't know you had such a bad taste. Well, you're probably american ...
robin @ Nov 16th 2006 3:58PM
Maybe - and i am thinking of a maybe as in "maybe i'll win the lottery" - will learn how to give credit correctly.
A big plus is understanding what you are reading (my favorite) or if you don't understand what you are reading, say so (e.g. "according to the google translation bla bla bla").
Just taking a name of a Company and translating it, will make you look stupid. If you don't go with Option 2. There is no company in Germany that is called "German Press Agency". That is the google translation of "Deutsche Presse Agentur". And if this blogger knew anything about journalism (which isn't important anymore compared to "being Web 2.0" or having their own stock indices), he knew that press agency use a 2 or 3 letter short form to identify them. Now, by using google I was able to figure out the correct way to credit the image: It's "iamge courtesy of dpa".
Amateurs - payed by AOL.
dave @ Nov 16th 2006 9:07PM
my lungs embezzle the air from the earth... as i can breathe... it... period