Siemens board member steps down

Siemens's head of its health care sector, Erich Reinhardt, will resign from the company after compliance violations at the company's medical group were found to have taken place while under his leadership, a Reuters report said.

Reinhardt, who is to leave at the end of April was not personally involved in the in the far-reaching corruption at the conglomerate, Siemens, quoted by the report, said.

Siemens said Reinhardt, 61, decided to resign after new findings by the law firm investigating the corruption claims at the company, which makes everything from wind turbines to trams to medical diagnostic equipment, uncovered violations in compliance cases in the former Siemens Medical Solutions Group. It did not identify what the findings were.

Reinhardt, who has led the medical division since 1994, will be replaced by Jim Reid-Anderson, 49, previous the chief executive of the diagnostics division in Siemens' Healthcare sector, the company said.

Siemens had been rocked by claims at the company involving ex-managers who are accused of bribery and fraud. Several different countries, including the US, Switzerland, Italy and Greece, have launched investigations. Siemens also is being investigated in China, Hungary, Israel, Russia, Norway and Indonesia.

Investigators are probing allegations that employees paid hundreds of millions of euros in bribes to land telecom deals.

Siemens has acknowledged dubious payments in the corruption case that came to light last year worth up to €1.3 billion (US$2.07 billion), the report further said.