U.S. Relations With the People's Republic of China (2008)

Department of Justice

FOR IMMEDIATE RELEASE
Monday, December 15, 2008
WWW.USDOJ.GOV

OPA
(202) 514-2007
TDD (202) 514-1888

Transcript of Press Conference Announcing Siemens AG and Three Subsidiaries Plead Guilty to Foreign Corrupt Practices Act Violations

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DIRECTOR THOMSEN: Good afternoon. I'm Linda Thomsen, the Director of the Division of Enforcement at the Securities and Exchange Commission. With me today are some extraordinarily talented and dedicated SEC enforcement staff members, and we are very pleased to join our law enforcement counterparts here to announce this $1.6 billion settlement with Siemens AG for bribing government officials around the world to obtain business.

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I would like to thank everyone involved for their outstanding work, cooperation and coordination including the fraud section of the United States Department of Justice, the fraud and public corruption section of the United States Attorney's Office for the District of Columbia, the Federal Bureau of Investigation, the Internal Revenue Service, the Office of the Prosecutor General in Munich, Germany, the Financial Services Authority in the United Kingdom, and the Hong Kong Securities and Futures Commission.

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