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Slammed for bribery, Siemens continued to ignore red flags


Slammed for bribery, Siemens continued to ignore red flags
BY BEN KNIGHT, 100Reporters
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FILE - This Thursday, Nov. 9, 2017 file photo shows the logo of German industrial conglomerate Siemens in front of their headquarters in Munich, Germany. Siemens ignored some of its own red flags for foreign bribery in the aftermath of a major corruption scandal in 2008, according to reports released in 2021 by an independent monitor and other confidential documents.Matthias Schrader/AP
German engineering giant Siemens ignored some of its own red flags for foreign bribery in the aftermath of a major corruption scandal in 2008, according to newly released reports by an independent monitor and other confidential documents. ....

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EY Germany changes leadership in wake of Wirecard scandal


By Jaclyn Jaeger2021-02-25T20:14:00+00:00
Hubert Barth, head of EY’s Germany practice for the past five years, will step down and take on a “new role at the European level,” the firm announced Thursday. The move is part of a broader reshuffling of its management team as EY seeks to restore its tarnished reputation following missteps it made leading up to the collapse of payment processor Wirecard.
Henrik Ahlers and Jean-Yves Jégourel will jointly lead the firm, EY announced. Ahlers has been managing tax partner for Germany, Switzerland, and Austria since 2018, and Jégourel currently is EY Global’s assurance vice chair, professional practice. ....

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