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Siemens Athens 2004 security bribing prosecuted

The chairman of the Siemens Group in Greece and another senior company official testified Wednesday before a prosecutor investigating possible wrongdoing in the awarding of a major security contract for the Athens 2004 Olympics, court officials said.

Siemens Hellas chairman Michalis Christoforakos and company executive Dionysis Dendrinos were called to testify as witnesses before Athens prosecutor Panayiotis Athanassiou. Investigators in Germany, Italy and Switzerland are probing the alleged embezzlement of €200 million (US$265.3 million) by some Siemens workers, but have not targeted the company itself. The cash was allegedly funneled into secret accounts to pay bribes to secure major contracts

Athanassiou is investigating whether any malpractice was involved in the awarding of a €255 million (US$338.26 million) contract for the C4I communications system designed to link all Greek security forces during the 2004 Olympics.

The deal was awarded in May 2003 to San Diego-based Science Applications International Corp., or SAIC, the leader of a security consortium that included Siemens.

From: Siemens Hellas officials testify in probe over Olympic security contract, AP, 13 12 06

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