The well known German company Siemens plans to file a lawsuit worth millions in light of the scandal that occurred last year. The company was headlined in the newspaper after it was discovered that former executives were involved in deceit and corruption.

One of the people whom Siemens is hoping to sue is the ex-chairman of the company, Heinrich von Pierer. It is alleged that he might have known about the corruption taking place. Pierer states that he was not aware of any corruption or bribery taking place.

The board will consider the details of the lawsuit as it meets with its lawyers, and within the next two weeks it will have a decision about whether it will go ahead with the civil lawsuit. The lawsuit will be the largest in German history.

Tags: European Economy News //