Mr. Siekaczek was convicted of corruption after admitting to setting up slush funds to pay bribes. He received a suspended two-year suspended sentence and was fined $170,000 for participating in making illegal payments by Siemens. Mr. Siekaczek was found guilty on 49 counts of breach of trust for his
role in alleged illegal activity at the firm’s fixed-line telephone
business ICN in the first part of the decade.
Allegations of a culture of corruption in the first half of the decade
have dogged the firm for nearly two years and led to the resignations
of a number of senior directors.The full article can be read here.