Siemens Will Pay $1.3B in Fines for Global Corruption

German engineering conglomerate Siemens pleaded guilty today to an international pay-to-play scheme and will pay the US $800 million in fines, the Wall Street Journal reports. It will also give $528 million to the German government—adding to a $275 million payout last year.

Siemens admitted that it bribed officials in 10 countries around the world to guarantee contracts for everything from trains to power lines to identity cards. Investigators have had their eyes on the company since 2006; countries involved include China, Israel, and Iraq. (More Siemens stories.)