Siemens probed for alleged bribes
Brazilian prosecutors have opened an investigation against German engineering group Siemens on suspicion it paid bribes to secure multi-million-dollar subway contracts, reports quoting officials said Thursday.
"We are going to contact German legal authorities to exchange information," Sao Paulo prosecutor Antonio Celso de Oliveira Farias told the Estado de Sao Paulo newspaper.
The allegations stem from the award in 2000 of four contracts worth a billion reais ($425 million).
Suspicions were raised when German investigators found that two Brazilians were involved in a worldwide network of alleged corruption in the German company estimated to have totaled €1.3 billion ($900 million).
Siemens on Monday agreed to pay one billion dollars to German and US authorities to settle a probe in which it was accused of bribing officials in Argentina, Bangladesh, Iraq and Venezuela to win contracts.
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