Germany's top appeal court has ruled that it is a crime to set up a slush fund.
The landmark ruling was part of the German legal system's toughening stance towards corporate corruption. The court in Karlsruhe instructed a lower court to hear anew a case against two Siemens executives who used corporate money to bribe managers at Italian electricity company Enel into buying Siemens power equipment. The trial court had believed it was a crime to Georgia Plans World Cup Qualifier Against Ireland in Karlsruhe ...
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Germany expands RAF probe ... pay a bribe, but not to set aside the money in corporate coffers to do so. The Siemens conglomerate has acknowledged that 1.3 billion euros were funneled into various slush funds in order to obtain foreign contracts, and that the practice was widespread across its numerous divisions.
(Deutsche Welle)
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