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(Balzli , Deckstein Schmitt 2007 . Thus , when Siemens AG listed its shares on United States newly York Stock Exchange (NYSE ) in 2001 and it was subjected to stringent American anti-bribery measures the managers desisted from strike cash in office (Balzli , Deckstein Schmitt 2007 . Instead , they turned to the fix on of cash cheques to perform the same carrying into actions . The cheques were deposited in variant accounts but the political party did not stay on records in its ingest books so that it could make much iniquitous payments (Balzli , Deckstein Schmitt 2007In to disguise the surreptitious operations , Siemens AG managers outsourced around of its accounts works to product line consultants so that no it would not be culpable in any secret operation would be unearthed (Economist .com . In call up to cov er their operations further the managers of the company apply more eccentric retrieve to avoid being found (Balzli , Deckstein Schmitt 2007 . When they authorised the bribery payments , they used removable sticky notes , which would be well destroyed to hold back all evidence of any transaction (Fernando Bellamkonda 2007The sums of money transferred by the managers of Siemens AG were staggering .

tally to Balzli , Deckstein and Schmitt (2007 , a of 805 billion was handed over by the company to strange officials in bribes . The money handed out was aimed at ensuring that Siemens won as many contracts as it could in ma ny foreign markets (Economist .com . In othe! r in spots , the bribes were meant to woo crowd representatives in supervisory areas to support Siemens AG policies when they would apparently need to spurned (Fernando Bellamkonda 2007 . Along this line , Fernando and Bellamkonda (2007 ) note that the German government s stance on bribery was perhaps a contributing portion in Siemens AG s sneak(a) operations . This is because many companies soundless that the German law and eve the law in...If you want to trip up a full essay, range it on our website: OrderCustomPaper.com

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