From NY Times:

A German court convicted a former manager at the engineering and electronics company Siemens of misuse of funds on Monday in the first verdict stemming from a bribery scandal at the company.

A court in Munich fined the former manager, Reinhard Siekaczek, 108,000 euros, or $170,000, and imposed a two-year suspended prison sentence after an eight-week trial in which prosecutors offered extensive testimony and documentation about a companywide system of slush funds and illicit payments.

Prosecutors had requested a relatively lenient penalty because Mr. Siekaczek cooperated extensively with the investigation, they said on Friday, the final day of the trial.

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