MUNICH, Germany (AFX) - Police and prosecutors raided the offices of technology company Siemens AG on Wednesday looking into allegations of fraud, police and the company said.
Andreas Schwab, a spokesman for the Munich-based company, said Siemens was helping authorities in their probe.
'Certain Siemens employees have engaged in fraud,' Schwab said. 'We are cooperating fully with the investigation.'
It wasn't immediately known if employees being investigated included any executives and Schwab did not elaborate.
Prosecutor Anton Winkler said a total of some 30 offices and private homes had been searched in Munich and elsewhere.
Some 200 police officers, tax inspectors and prosecutors were involved in the raids.
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