Ex-Siemens employee in court over dubious deal

By Elena Becatoros | June 11, 2009, Thursday |

Print Edition

A former executive of Siemens AG's Greek branch appeared in court in Athens yesterday to face allegations of corruption in the awarding of a security equipment contract valued at roughly 250 million euro (US$352 million) for the 2004 Olympics.

Dionysis Dendrinos, a former general manager, is the first executive to be arrested over the contract to link Greek security forces during the 2004 Olympics.

Dendrinos was arrested on Tuesday and charged with complicity to commit fraud. The court yesterday gave him an extension to prepare his testimony until Friday. He will be held in custody until then.

The German company, which makes products ranging from wind turbines to trams and household appliances, has previously acknowledged making illegal payments in several countries in past years.

It has conducted its own investigation and found dubious payments of more than 1 billion euros.

Economy

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Ex-Siemens employee in court over dubious deal

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