Daimler agrees to pay $185m after admitting bribery

This article I found on the BBC news website didn't have a byline, so I am unsure of who wrote it. The German carmaker "Daimler" has plead guilty in the U.S. and now has to pay $185 million.

The owner of the company has paid tens of millions of dollars in bribes to nearly 22 countires. The story says that between 1998 and 2008 the company gave money and many gifts to countries that agreed to contracts with the car company. The companies chairperson, Dieter Zetsche, was unaware of the bribes and has fired 45 employees for the bribes.

Daimler is expected to pay $93.6 million towards the U.S. Justice Department for the investigation, and $91.4 million to settle the civil case against Daimler from the Securities and Exchange Commision.

Back in 2008, another German group called Siemens was forced to pay $800 million after an investigation that found them to be making bribes in other countries.


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This page contains a single entry by campx022 published on April 4, 2010 5:58 PM.

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