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A number of companies from the Russian-German Trade Chamber (e.g. Mercedes-Benz Rus, Siemens, Deutsche Bank) have committed to a Russia-focused ‘Initiative for implementing the principles of corporate ethics in the commercial activities in the Russian Federation’ and an international ‘Principles of fighting bribe-taking’
A Munich court found two former managers of Siemens AG, the engineering company, guilty of breach of trust and abetting bribery for their roles in a corruption scandal that resulted in the company agreeing to pay US$1.3 billion to end corruption investigations in the US and Germany
German authorities have placed Helmut Kiener, founder of Germany’s K1 hedge fund group, under arrest in a corruption probe of a Caribbean-registered fund he ran
