Ex-Siemens financial chief pleads guilty in $100M bribery

AP News
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Posted: Sep 30, 2015 6:17 PM

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.