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German prosecutors say more than 30 questioned in Siemens probe

The bribery probe at Siemens AG, Europe's biggest engineering company, has led to the questioning of more than 30 people, Munich's public prosecution office said.

Another former manager of Siemens, an „Argentinean businessman,” was questioned last week, the prosecutors said in an e-mailed statement today. An arrest warrant against him was suspended after he agreed to cooperate with authorities, the prosecutors said. Siemens has its headquarters in Munich. Siemens has been rocked by an investigation whether bogus payments to consultants were used to bribe customers. The probe, which has spread to at least six countries and forced the 160-year-old company to review €420 million ($545 million) of payments, has put pressure on Siemens to explain how an alleged system of bribes went unchecked by top management. CEO Kleinfeld and supervisory board head Heinrich von Pierer said in December that Siemens probably fell victim to a „sophisticated” criminal scheme by rogue employees in the telecommunications division. Munich's public prosecution office said today that it's too early to say when the investigations will be concluded. (Bloomberg)