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/ 21 September 2008
A few years ago Heinrich von Pierer was "Mr Siemens", head of a German industrial titan making everything from nuclear power stations to cellphones.
A former senior manager at Siemens on Monday admitted building up an elaborate system of slush funds and shell firms at the request of his superiors to help Europe’s biggest technology group win overseas contracts through bribes. Reinhard Siekaczek told a Munich court that he had informed his entire divisional board about the system.