[ALOCHONA] Tarek Zia Received Bribe from Siemens - US Securities and Exchange Report

Between 2004 and 2006, Siemens COM paid approximately $5.3 million in bribes to government officials in Bangladesh in connection with a contract with the Bangladesh Telegraph & Telephone Board ("BT'TB) to install mobile telephone services. The. total value of the contract was approximately $40.9 million. The payments 'were made to three business consultants pursuant to sham agreements calling for services associated with the mobile telephone project. The ultimate recipients of the payments included the son of the then-Prime Minister in Bangladesh, the Minister of the Ministry of Posts & Telecommunications in Bangladesh, and the BTTB Director of Procurement.

Source:  Page 19: http://www.sec.gov/litigation/complaints/2008/comp20829.pdf

http://www.amadershomoy.com/online/content/2008/12/21/news0398.htm

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