Competition commission investigation at Siemens Hellas offices

The Hellenic Competition Commission (HCC) on Friday proceeded with a surprise inspection of the Siemens Hellas offices in Athens to ensure that competition rules are enforced, following a letter by Sifis Valyrakis, president of a Parliamentary fact-finding committee investigating the Siemens bribery and kickback furor.

The commission proceeded with the investigation after finding that the letter by Valyrakis included necessary evidence, suggesting a likely violation of rules of competition. The independent authority will probe whether the German multina-tional had a predominant presence in the public sector contracts and tenders.