Siemens criminal investigation heats up
German investigators who are looking into fraud allegations at Siemens AG are having some success. They’ve said they discoverd .200 million (about $250 million) in suspicious transactions. This is significantly more than discovered just a week ago.
Six former employees of Siemens have been jailed while the investigation is ongoing. Investigators allege that the participants in the fraud scheme had secret bank accounts in other countries in which to hide the proceeds of their fraud.
