German industrial conglomerate Siemens AG is embroiled in a fresh investigation of alleged corruption, Munich state prosecutor and spokeswoman Barbara Stockinger said Friday.
"There have been warrants and arrests," Ms. Stockinger said, but she declined to elaborate, noting the probe is in progress. The investigations are in an early stage but are being pursued energetically, she added.
Siemens' own compliance system uncovered the alleged attempted action, a Siemens spokesman said, adding that the company alerted authorities immediately. Siemens itself has also approached the persons involved.
"This experience is evidence of how quickly and effectively our compliance system works," he said.
A Financial Times Deutschland report earlier Friday said the bribery allegations pertain to Siemens' operations in Kuwait.
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