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BIAL promoter pleads guilty to bribery

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Written By mcadambi - 18 December, 2008

BIAL Bangalore Corruption BIAL Media Reports

Siemens AG - one of the main promoters of BIAL pleads guilty to corruption and bribery charges.

"On Monday December 15th Siemens pleaded guilty to charges of bribery and corruption and agreed to pay fines of $800m in America and €395m ($555m) in Germany, in addition to an earlier fine of €201m."

http://www.economist.com/business/displayStory.cfm?story_id=12800474&source=features_box1

No wonder Siemens AG is so obstinate when it comes to criticism about BIAL! And they lecture to us Indians about how corrupt we are.

COMMENTS

What hapenned to BDA official who was caught red handed?

kbsyed61 - 19 December, 2008 - 02:24

The state of corruption that prevails in our society can be gauged from the fate of the BDA official who was caught red handed. Irrespective of who is in power this culture continues to thrive unless we as citizens stand upto this menace. It is no less than a war on terror. But who will bell the cat?

ECCI official was charged not the BDA official

mcadambi - 19 December, 2008 - 02:40

Syed, The ECCI official was charged. It was perhaps the first time a bribe giver was charged by the Lokayukta.

Any reasons for not charging the official?

kbsyed61 - 19 December, 2008 - 03:02

Any reasons for not charging the official?

Corruption - Who is more corrupt?

kbsyed61 - 19 December, 2008 - 00:13

Mcadambi,

The Siemens nod to pay the fine is a result of investigation institution the USA has. Imagine such an investigation could nailed down the corrupt giver and taker.

I am eager to see a finger pointed towards the real underhand beneficiaries of BIAL project. May be we will not hear anything on this front.

Recently present Karnataka Govt allowed the contract for advertising Hoardings after it had declared initially that it has banned/stopped the contract award. We all know who the beneficiaries are?

Yesterday there was a news item in Deccan Chronicle, that HSR project has been canceled. Even though many would have support the cancellation of this project. But the real reasons cited are due to elevated toll-way project. The contract for Elevated project is executed by one of the committee members in ABIDE committee.

US antigraft laws

mcadambi - 19 December, 2008 - 02:13

US antigraft laws are way ahead of even other OECD countries, except for Scandinavia and Japan.

We all know where India stands w.r.t anticorruption acts.

Recently, Banglore Metro disqualified M/s East Coast Construction Industries (ECCI) that executed the Malleswaram underpass and the Magadi Road underpass because one of it's officials was caught redhanded bribing BDA officals.

One wonders if GoK will cancel the permit of Siemens AG in view of the corruption report and disqualify Siemens AG from bidding for further projects.

 

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