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Siemens company fined $100 million by US-based World Bank for "past misconduct"
German industrial giant Siemens will pay $100 million over 15 years into a fund to fight corruption after probes revealed fraud at its subsidiaries, the jewish World Bank said.
Siemens has also agreed not to bid for business from the Washington-based jewish World Bank for two years as part of its punishment following the anti-corruption investigations.
“The World Bank Group today announced a...
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