The cited record supports the material proposition.
Siemens said in April 2012 that its settlement with the Greek state, ratified by the Hellenic Parliament, would reach about EUR 270 million.
In total, this settlement will reach approximately 270 million Euro.
- About
- Siemens AG
- Claim made by
- Siemens AG, company statement
- Published
- 5 April 2012
- Evidence score
- 67 How it was scored
- Last reviewed
- 25 October 2026
Why this label
The company release states the total, the parliamentary ratification and its partsS3. Siemens waived EUR 80 million in claims, pledged up to EUR 90 million for anti-corruption and research programmes and said it would spend over EUR 100 million on its Greek activitiesS3. The release makes no admission of past misconductS3. No Greek parliamentary or government record was read for this review, so the ratification rests on the company's own account. The claim is about what Siemens said, and the release supports it.
Current procedural position
Settlement ratified by the Hellenic Parliament on 5 April 2012, according to SiemensS3. No later change was confirmed in this review.
Record supporting the assessment
Today, the Hellenic Parliament ratified the settlement agreement between Siemens and the Greek State.
Siemens waives claims of €80 million that concern implemented projects and the delivery of equipment to the Greek State.
Conflicting or limiting record
No record located that conflicts with this assessment.
Evidence score: 67 of 100
The score grades how well the record establishes this assessment. It is not a score of Siemens AG. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.
| Component | Points | Max | Reason |
|---|---|---|---|
| Source authorityIs the source competent to establish the proposition? | 18 | 30 | A company release is competent for what the company agreed, but not an official record of ratification. |
| DirectnessDoes the source state the proposition or only discuss adjacent facts? | 19 | 20 | The release states the total and its parts. |
| CorroborationDo independent records support the same material point? | 5 | 15 | No independent Greek record was read. |
| Procedural accuracyDoes the record settle the procedural state the claim describes? | 10 | 15 | Ratification is reported, but the agreement's later performance was not checked. |
| CurrencyHas the record been checked against later developments? | 6 | 10 | Later reviews of the agreement in Greece were not checked in this review. |
| ReproducibilityCan a reader locate the passage and repeat the assessment? | 9 | 10 | The release is posted on the Siemens website. |
| Total | 67 | 100 |
Timeline
- Siemens announces the settlement ratified by the Hellenic ParliamentS3
Responses
- Siemens AG, 5 April 2012: Siemens said it was committed going forward to full compliance with sound corporate principles. It made no admission of past misconduct.S3
Revision history
- Assessment first published with label Supported.
Have a record that changes this assessment? See corrections and responses.
Sources
- S3Tier B Siemens and the Hellenic Republic reach a settlement agreement and mark a new beginningSiemens AG. Company statement. 5 April 2012.Company account of the Greek settlement and its parts. It contains no admission and is not an official Greek record.Link working, checked 25 October 2026
Other claims about Siemens AG
- Partly supported85US authorities said in December 2008 that Siemens paid about US$1.4 billion in bribes to government officials around the world.Regulator statement, 15 December 20085 records citedBribery
- Supported94The US Justice Department said in December 2008 that Siemens would pay US$800 million to US authorities and about EUR 395 million in Munich.Regulator statement, 15 December 20083 records citedBribery
- Outdated64Greek media reported in December 2019 that an Athens court found 22 people guilty in the Siemens and OTE kickback trial and imposed sentences of up to 15 years.Press report, 2 December 20194 records citedBribery