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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Siemens to pay $42 million in Israel bribe case
German electrical and engineering giant Siemens has agreed to pay a USD$42 million penalty to the Israeli government for bribes it paid to officials of state-owned Israel Electric in exchange for a contract to supply turbines more than ten years ago. Jaclyn Jaeger reports.
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