Siemens board member arrested in payola scandal

With all of the bribery, corruption, and kickback scandals plaguing German giant Siemens at the moment, we're half expecting to wake up tomorrow and learn that one of their executives drunkenly wrapped his exotic car around a tree after a night of boozing it up with notorious Deutchland bad boy Dietrich. The latest player to get caught up in this mess -- and the highest ranking -- is board member Johannes Feldmayer, who was detained yesterday while prosecutors tore his life apart executed search warrants on three of his offices. Interestingly enough, Feldmayer's alleged payoff of already-arrested union official Wilhelm Schelsky has nothing to do with the larger $500 million embezzlement scandal involving the company's communications division, which sparked that countrywide raid late last year. Siemens has reportedly brought on an anti-corruption expert to advise the firm on how to, um, not be so corrupt, and we hear that the bidding war for his services got pretty heated when BenQ also learned that there are people out there who can help you run your business in a less shady manner.

[classicX @ Mar 28th 2007 3:52PM]

It's amazing what you can be an "expert" in. Anti-corruption? UmmmmmmyeahOK just hire honest people, and be one. kthx.

[Gil @ Mar 28th 2007 4:10PM]

Might not be a in the US but Anti-corruption is a pretty big field with lots of experts.

[Louis S. @ Mar 28th 2007 8:52PM]

I know this is off topic, but who thought 'Siemens' was a good name for a company?

[Gil @ Mar 29th 2007 3:20AM]

Werner von Siemens did more than 150 years ago.

[GenghisPhlip @ Jan 14th 2008 6:08PM]

I say hang 'em and get someone who is less corrupt in there. Seems his level of corruption was higher than the accepted corruption levels. LOL