Comments on: Corruption: Another Lead in Siemens Bribery Probe? http://thekomisarscoop.com/2007/08/corruption-another-lead-in-siemens-bribery-probe/ Reports & Analysis by Investigative Journalist Lucy Komisar Sun, 07 Mar 2010 16:35:50 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Smith http://thekomisarscoop.com/2007/08/corruption-another-lead-in-siemens-bribery-probe/comment-page-1/#comment-8416 Smith Sat, 08 Sep 2007 14:41:09 +0000 http://thekomisarscoop.com/2007/08/30/corruption-another-lead-in-siemens-bribery-probe/#comment-8416 Siemens Factory Automation Engineering Co.Ltd. (SFAE), is a JV of A&D Group, Siemens Limited China. There are many bribery behaviors in its business. You can find so many evidences in your SAP system. SFAE bought a lot of high value digital cameras, LCD TVs, Notebooks and so on in their projects and then gave them to Siemens customers. If only you trace these goods to the end, you will find some truths. And also they invited their customers to travel in Europe in the name of visit Siemens company in Germany. Because Siemens has a strict financial policy, they can not give money directly to their customers. They always sign a fake subcontract with a vendor, which has a better relationship with the key person of Siemens. And SFAE pays the money to the vendor and then the vendor transfers the money to end customers. Please check the vendor 44123006 in your SAP. The vendor is a very small company, whose main business is sales of computer parts. The vendor only has five persons and registration money is RMB 300,000 [$39,800]. But in one year, SFAE signed seven subcontracts (4500293684, 4500332939, 4500336575, 45003997, 434500484682, 4500486399, 4500563041) with it, the money reached RMB 2,000,000 [$265,300] in one year. The vendor can do some very complex technology business for SFAE. It is a joke! Which is only one sample of most fake subcontracts. Siemens Factory Automation Engineering Co.Ltd. (SFAE), is a JV of A&D Group, Siemens Limited China. There are many bribery behaviors in its business. You can find so many evidences in your SAP system.

SFAE bought a lot of high value digital cameras, LCD TVs, Notebooks and so on in their projects and then gave them to Siemens customers. If only you trace these goods to the end, you will find some truths. And also they invited their customers to travel in Europe in the name of visit Siemens company in Germany.

Because Siemens has a strict financial policy, they can not give money directly to their customers. They always sign a fake subcontract with a vendor, which has a better relationship with the key person of Siemens. And SFAE pays the money to the vendor and then the vendor transfers the money to end customers.

Please check the vendor 44123006 in your SAP. The vendor is a very small company, whose main business is sales of computer parts. The vendor only has five persons and registration money is RMB 300,000 [$39,800]. But in one year, SFAE signed seven subcontracts (4500293684, 4500332939, 4500336575, 45003997, 434500484682, 4500486399, 4500563041) with it, the money reached RMB 2,000,000 [$265,300] in one year. The vendor can do some very complex technology business for SFAE. It is a joke! Which is only one sample of most fake subcontracts.

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