Thursday, May 10, 2007

Siemens investigated in Poland

Siemens AG, a global manufacturer of electronic solutions, including medical devices, is being investigated by Poland, Norway and France over possible antitrust violations with the US Securities and Exchange Commission, according to a filing by the company.
Last month, the Polish competition authority began its investigation of Siemens Poland over antitrust violations regarding the maintenance of diagnostic medical equipment, as Katarzyna Frac from the Polish Office for Competition and Consumer Protection (UOKiK) has confirmed to Pharma Poland News. However, as the investigation is still underway, no further details can be revealed, Ms Frac said. If there are no complications, the investigation should be over within 2-3 months, but if suspicions that Siemens abused its dominant position on the Polish medical devices market are confirmed, it will obviously take longer.
Siemens claims to be cooperating with all three investigators.
These investigations are in addition to those probing claims of bribery and corruption to the tune of approx. €420m by investigators in Germany, Italy, Switzerland and the United States, along with antitrust probes by the European Commission and Japan’s Fair Trade Commission.