Bribery relating to the construction of the Yamal Pipeline: Siemens subsidiary pays reparation
Bern, 12.11.2013 - The Office of the Attorney General of Switzerland (OAG) has concluded a criminal investigation into the Swedish company Siemens Industrial Turbomachinery (SIT). The investigation was closed after SIT admitted inadequate enforcement of compliance regulations in relation to Yamal gas pipeline projects and paid CHF 125,000 in reparation. SIT also paid US$ 10.6 million in compensation for unlawfully obtained profits.