A former Siemens executive has been fined 108 thousand euros and given a two-year suspended prison sentence for his role in a bribery scandal at the German electronics and engineering group.
Reinhard Siekaczek was found guilty on 49 counts of breach of trust for setting up slush funds used to win contracts in Italy, Greece and other countries.
It was the first in a series of trials arising from a wide-ranging investigation into suspected corruption and bribery that has deeply damaged Siemens’ reputation. An estimated 1.3 euros worth of bribes were paid.
Leaving the court in Munich, Siekaczek told reporters: “I’m just happy it’s all over. I’ve nothing else to say.”
Siekaczek cooperated with the authorities and prosecutor Anton Winkler, said: “I think this case sends two messages. The first is that anybody who knows something about this should speak out and that way will get preferential treatment and the second message is that Germany will not tolerate corruption.”
The judge said Siemens’ efforts to fight corruption were incomplete and that Siekaczek was only a cog in bigger machine.
The scandal could result in Europe’s biggest engineering group being banned from bidding for certain US contracts.