Feeds

Siemens investigation nets six

€200m in dodgy dealing

Beginner's guide to SSL certificates

German police investigating Siemens' telecoms unit have made two further arrests and reckon suspicious transactions could total as much as €200m.

Six people have now been arrested after police raided 30 homes and offices. Police are now searching through 36,000 documents they have seized from Siemens. Police suspect an international plot to embezzle funds through secret bank accounts, according to the Wall Street Journal.

Siemens said earlier in the week that the office of its chief executive had been searched but that he was a witness not a suspect in the case. The company stressed it was cooperating fully with police.

Investigators in France, Italy, and Switzerland are also interviewing suspects although no arrests have been made so far.

German prosecutors say they are concentrating on 12 suspects - 10 of them current or ex-Siemens staff. They suspect fraud stretches back to 2002, but Italian prosecutors believe the fraud may have started earlier and reach beyond the telecoms unit. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.