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Monday, September 26, 2011

June 2011: China court gives verdict in Siemens bribery case

In June 2011, a former senior executive with state-owned Global Compact participant China Mobile has been sentenced to death with a two-year reprieve for taking bribes from another Global Compact participant Siemens AG, Caixin magazine reported.


The Higher People's Court of Henan Province upheld an earlier verdict on Shi Wanzhong, former general manager of China Mobile's human resources department, for taking a total of US$5.06 million in bribes together with Tian Qu, a middleman, when Shi was head of China Mobile's Anhui branch from 2002 to 2009.


Note: the Siemens corruption cases have been cleared up after large sanctions were upheld against the company. The company since then set up a Integrity Fund, managed by the World Bank.


Source: Shanghai Daily


http://english.peopledaily.com.cn/90001/90776/90882/7417043.html

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