Categories
Good King news

Siemens: the former head Heinrich von Pierer sentenced to 15 years in prison


An Athens court has a corruption report to Siemens Show chart former executives sentenced to high prison sentences. The long-standing president of the board of directors and the supervisory board Heinrich von Pierer (78) received the maximum sentence of 15 years based on Good king News information. The former Executive Director Thomas Ganswindt (59) was sentenced to 13 years in prison. According to Greek media reports, however, the verdicts against the German leaders of Siemens were suspended.

In total, the court sentenced 22 former employees of Siemens AG and the former Greek state telecommunications company OTE for corruption and money laundering from six to 15 years in prison (read more about the business here). Among them, according to the Greek state broadcast (ERT) seven Germans. However, Germany is not expected to extradite German citizens.

The three-year process mainly involved bribes paid by Siemens employees to decision makers in Greece after 1997 to take over the digitization of the Greek telephone network. The first investigations began more than ten years ago, in the meantime ten of the 64 original suspects died. Against others the charge had to be withdrawn due to the statute of limitations.

The sentence arrived "completely surprising"

The process should now be continued in the highest cases. The former head of Pierer announced that he will appeal to the verdict. In a statement by Pierers he says: "We will also ask that the verdict in Germany not be executed, because it violates the elementary principles of the rule of law". The proceedings in Athens were largely based on documents from a preliminary investigation in Germany.

The "very intense" investigations of the German prosecutor's office would not have revealed any criminal charges against him, then Pierer. Meanwhile, the public prosecutor in Greece has applied for acquittal. The current condemnation is therefore "completely surprising", according to Pierers.

The prosecution did not concern Siemens AG as a company, but only the people involved in the affair. In an out-of-court settlement, Athens and Siemens AG renounced, among other things, the repayment of the Greek debt in 2012, according to the Greek Ministry of Finance, and promised to promote jobs in Greece.