Greece May Demand Compensation from Siemens

    Greece may ask Siemens to pay 2 billion euros in compensation linked to an alleged bribery case, Sueddeutsche Zeitung reported in its Saturday edition according to Dow Jones Newswires.
    Sifis Valyrakis, chairman of an investigation committee on the case of the Greece parliament, urged the Greek government and the legal authorities to claim compensation payment from the Siemens. The paper reported citing a document it had seen.
    Valyrakis argued that Siemens was granted profitable contracts for projects linked to the 2004 Olympic Games and from the incumbent telecom provider Hellenic Telecommunications Organization, after making alleged bribery payments.
    A Siemens spokesman told Dow Jones Newswires that the company has done everything to elucidate the case and will fully cooperate in the future as well.


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