Siemens, GFI, EADS, Parmalat, Hoechst, Pfizer in Court News
This article is for subscribers only.
Siemens AG auditors at KPMG International alerted top company executives about ``suspicious cash payments'' in 2003, a witness told a Munich court yesterday at a corruption trial.
KPMG told former Siemens Chief Financial Officer Heinz-Joachim Neubuerger that it discovered cash payments of about 4 million euros ($6.2 million) that didn't have a clear purpose, said a KPMG auditor who can't be identified under German privacy laws. Karl-Hermann Baumann, then Siemens chairman, was also informed, he said.