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Siemens raided by squad of cops

Megafraud alleged
Thu Nov 16 2006, 07:20
GIANT GERMAN combine Siemens AG Munich was raided by hundreds of cops and taxmen pursuing allegations of fraud on a grand scale.

According to the International Herald Tribune, Siemens is cooperating with the cops inquiries, but acknowledged some employees had behaved fradulently to the tune of between €10 million to €30 million.

More here. µ

 

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