Sunday, December 21, 2008

Bribery with a budget line

The New York Times, working with PBS's Frontline, and an non-profit team from ProPublica, has done a major write-up of the bribery case against Siemens, which ended last week with a record $1.6 billion fine.

"What is striking .... is how entrenched corruption had become at a sprawling, sophisticated corporation that externally embraced the nostrums of a transparent global marketplace built on legitimate transactions"

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