FRANKFURT, Sept 6 A former Siemens AG
board member faces a new trial in Germany in connection with a
bribery scandal around a decade ago at the engineering group,
two years after he was acquitted by a Munich court, the
country's highest court said on Tuesday.
Siemens agreed in 2008 to pay more than $1.3 billion to
settle corruption probes in the United States and Germany,
ending two years of controversy that rocked the German company.
Former board member Uriel Sharef stood trial in Munich for
three counts of fraud for allegedly helping twice to order the
payment of bribes totalling $14.2 million in Latin America and
for allegedly failing to close out a $35 million slush fund.
The Munich court acquitted Sharef in 2014, saying it was not
convinced he was involved in the ordering of bribes and that he
had not known the slush fund still existed.
The Federal Court of Justice upheld the acquittal on the
payment of bribes but overturned the Munich court's decision to
acquit Sharef of fraud charges regarding the slush fund, citing
"The regional court did not provide solid reasoning," it
said in a statement, calling for a new trial and a new ruling.
(Reporting by Maria Sheahan; Editing by Mark Potter)