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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (43872)12/18/2008 4:34:07 PM
From: brian h  Read Replies (1) | Respond to of 217688
 
TJ,

A Hong Kong's consulting firm? Did anyone you know involve in this one?

My previous post including your comments --

Message 25251273

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So in that sense, China's Lee and Chen are still in power and never (seldom unless under the result of fierce internal power struggles) will be found guilty of embezzlements, taking bribes, etc.

Thus your points of ""the true nature of wastrel thug chen shui bian and lee tung hui and basically, in essence, all those wastrels who support them"" apply to all people that still support CCP in any which way because Chen and Lee are small fishes comparing to China's Lees and Chens.

For example, I am sure Lee Pon and his son still take more bribes from Westerners (Europeans and very likely US agents in China) and Chinese businessmen(Taiwan, HK, Singapore, etc) in China's electrical power plant constructions.
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shanghaidaily.com

3 Siemens units alleged in bribing Chinese officials
Created: 2008-12-18 1:17:35


Author:Li Xinran

THREE Siemens subsidiaries operating in China were alleged to have been involved in bribing government officials and hospital executives to win contracts ranging from urban trains to health-care facilities, United States court documents showed.

The transport arm of the Munich-based industrial conglomerate paid US$22 million from 2002 to last year to obtain projects of seven subway trains and signal facilities in China, worth more than US$1 billion, according to the US Securities and Exchange Commission's litigation documents to a court in Washington this week.

All the funds were allegedly paid to purported business consultants or relevant agencies in Hong Kong before they were passed to Chinese officials, said the SEC.

A Hong Kong consulting firm and its four subsidiaries allegedly asked Siemens to pay US$11.7 million for a project in an east China's city.

Meanwhile, Siemens Power Transmission and Distribution allegedly used the same method to win two high-pressure power transmission projects, worth US$838 million, in south China. Siemens PTD allegedly paid Chinese officials about US$25 million from 2002 to 2003 via purported consultants.


Siemens Healthcare was suspected to have paid five Chinese hospitals US$14.4 million from 2003 to last year to help it win orders for health-care facilities worth US$295 million. It allegedly paid the former head of the radiation department at Songyuan Hospital in northeast China's Jilin Province US$64,800 in May 2006 to sell a US$1.5-million magnetic resonance imagining system to the hospital, the SEC said.

The money was paid to a US bank account and transferred to a middleman account in a Singapore bank. It was approved by the chief financial officer of Siemens Healthcare (China), according to SEC. The former head was given 14 years in jail in China on March 8 for taking the money.