Ex-Siemens manager on trial in corruption scandal

by businessweek

Prosecutors at the trial of a former Siemens AG executive have accused him of turning a blind eye to corruption and ignoring indications that bribes were being demanded to win business abroad.

Prosecutors at the trial of a former Siemens AG executive have accused him of turning a blind eye to corruption and ignoring indications that bribes were being demanded to win business abroad.

Thomas Ganswindt, the former head of Siemens' communications business, is the highest-ranking ex-manager to go on trial in a wider corruption scandal which cost Siemens more than $1 billion in fines in Germany and the United States.

Prosecutor Florian Bronnen argued at the Munich state court that Ganswindt deliberately breached his supervisory obligations and also evaded taxes.

News agency DAPD reported that Ganswindt's defense said the 50-year-old committed no offense.

In 2008, a lower-ranking ex-manager at the telecommunications division was convicted of breach of trust after he acknowledged setting up slush funds.

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