Trade Siemens

Siemens AG (German pronunciation: [ˈziːməns] or [mɛns] is a German multinational conglomerate based in Munich and the largest industrial manufacturing company in Europe with branch offices abroad. the main divisions of the company are industry, energy and healthcare (Siemens Healthineers), infrastructure and cities, which represent the main activities of the company. The company is a leading manufacturer of medical diagnostic equipment, and its medical healthcare division, which generates about 12 percent of the company's total sales, is its second most profitable unit, after industrial automation. The company is an element of the European Stock Market Index Stoxx 50. Siemens and its subsidiaries employ nearly 385,000 people worldwide and recorded global revenues of around €87 billion in 2019, according to the launch of its profits. starting in 2005, Siemens became involved in a multinational bribery scandal. One component of the scandal was the Greek Siemens bribery scandal over deals between Siemens and Greek government officials during the 2004 Summer Olympics. Simin's activities came under legal scrutiny when complaints from prosecutors in Italy, Liechtenstein and Switzerland led to the german authorities opening investigations, followed by a United States investigation in 2006 into their activities while listing on U.S. exchanges. Investigators found that bribing officials to win contracts was a standard operational procedure. During that time period, the company paid about $1.3 billion in bribes in several countries and kept separate books to hide. Settlement negotiations took place for most of 2008 With the announcement of the terms of the settlement in December 2008. The company paid a total of about $1.6 billion, or about $800 million in both the United States and Germany. This was the largest bribery fine in history, at the time. It also committed the company to spending $1 billion on the construction and financing of new internal compliance systems. Siemens pleaded guilty to violating accounting provisions in the Foreign Corrupt Practices Act; the parent company did not plead guilty to paying bribes (although its branches in Bangladesh and Venezuela did).