US charges eight in Siemens foreign bribery case

US authorities have charged eight former executives at German industrial giant Siemens in connection with a $100m (£64m) foreign bribery scheme.

The charges relate to a $1bn contract to produce national identity cards in Argentina.

Among those accused are a former member of Siemens central committee and two former heads of its Argentine unit.

"Today's indictment alleges a shocking level of deception and corruption," the Department of Justice said.

In 2008, Siemens agreed to pay $1.6bn to the US and German authorities to resolve charges of corrupt practices in connection with the case, and helped in the investigation of those charged, officials said.    Read Here