- Associated Press - Wednesday, September 30, 2015

NEW YORK (AP) - The former chief financial officer for Siemens Argentina has pleaded guilty to conspiring to pay $100 million in bribes to senior Argentine government officials.

Andres Truppel of Buenos Aires, Argentina, entered the plea Wednesday in Manhattan federal court.

The 60-year-old citizen of Argentina and Germany pleaded guilty to conspiracy before federal Judge Denise Cote.

U.S. Attorney Preet Bharara (buh-RAH’-ruh) says a massive Siemens bribery conspiracy lasted over a decade. He says Truppel and others funneled close to $100 million in bribes to government officials to secure a billion-dollar contract with the Argentinian government to produce national identity cards.

No sentencing date was set.

Siemens Argentina is a subsidiary of Siemens AG.

Siemens AG will pay $448 million and Siemens Argentina will pay $500,000 in a deal each reached with prosecutors.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide