Former Siemens AG executives charged in $ 1 billion Argentine ID card bribe scheme

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Uriel Sharef, 67, a former member of the managing board of Munich-based Siemens, Andreas Truppel, former CFO of Siemens Argentina, 57, Ulrich Boch, 68, Herbert Steffen, former CEO of Siemens Argentina, Eberhard Reichert, 74, Stephan Signer, 51, Carlos Sergi, 78, and Miguel Czysch, 79 were charged by the U.S. with conspiring to bribe Argentine officials to ink a national ID card contract worth $ 1 billion.

They are charged with violating the Foreign Corrupt Practices Act, wire fraud and money laundering.

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