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Daimler AG accused of paying bribes overseas

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Posted: Mar 23, 2010 8:40 PM by Michael Marsh
Updated: Mar 23, 2010 8:41 PM
Source: Associated Press

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Topics: Daimler AG, Foreign Corrupt Practices Act, Department of Justice, bribery, charges

The Justice Department Accused car maker Daimler AG of paying millions in bribes to officials in 22 foreign countries over the past ten years. The DOJ filed a case in Washington, D.C. saying the German-based company paid the bribes to get government contracts for those countries to buy its cars. China, Russia, Egypt and Greece were named. Daimler AG and three subsidiaries were charged with conspiracy and with violating the Foreign Corrupt Practices Act. It prohibits improper payments to officials of other countries. The charges were filed with papers that indicate a company is prepared to plead guilty as part of a plea deal to avoid a trial.

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