German industrial conglomerate Siemens AG is embroiled in a fresh investigation of alleged corruption, Munich state prosecutor and spokeswoman Barbara Stockinger said Friday.”There have been warrants and arrests,” Ms. Stockinger said, but she declined to elaborate, noting the probe is in progress…. Siemens’ own compliance system uncovered the alleged attempted action, a Siemens spokesman said, adding that the company alerted authorities immediately….
Read more: Arrests at Siemens in Corruption Probe — WSJ
