Siemens is planning to sue two former chief executives and nine other former senior managers for alleged supervisory failings that led to a corruption scandal at the German engineering group. Siemens’ current supervisory board has said it will seek damages from Heinrich von Pierer, former chief executive, and his successor Klaus Kleinfeld.

In a statement, Siemens said it was basing its claim for damages on alleged “breaches of organisational and supervisory duties relating to illegal business practices and extensive bribery between 2003 and 2006″.

Siemens added that the scandal was placing a substantial financial burden on the company but did not state how much it was demanding in compensation.

The company said the 11 former board members “will be given an opportunity to state their positions on the accusations before legal action for damages is taken”.

The company has put the total costs incurred by the scandal just under $3 billion. I think the company board is taking it easy on their fellow country club members.