It’s been over a year since Siemens, Europe’s largest engineering company, hired lawyers from Debevoise & Plimpton to help it root out its own wrong-doers in what’s believed to be the biggest corporate bribery scandal ever.
But now, thanks to an amnesty plan for Siemens employees willing to offer information about the scandal, the investigation is bearing fruit. According to this morning’s WSJ report, 110 Siemens employees have come forward to offer information, and the company has identified nearly $2.5 billion in suspicious transactions between 2000 and 2006. (A German court already fined Siemens $306 million in October for bribing government officials in Nigeria, Russia and Libya to win business contracts.)
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