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FINANCIAL NEWS
Siemens confirms Kuwait corruption allegations
11 Jun 2011
(MENAFN) A spokesman of Siemens stated that the company was able to discover evidence of corruption at its business in Kuwait, and that the company reported the case to concerned authorities.
The spokesman added that the company demands authorities to apply disciplinary measures.
The spokesperson also cleared that one-off cases can never be ruled out, but the company can rule out systematic misconduct.
In addition, the company had earlier stated that arrests had been made in connection with a fresh investigation at Siemens.
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