Jump to content
Create New...

U.S. Justice Department files lawsuit against Daimler for conspiracy, falsifying records

Recommended Posts

U.S. Justice Department files lawsuit against Daimler for conspiracy, falsifying records

03/23/2010, 2:53 PMBY DREW JOHNSON

Daimler AG – the German parent of Mercedes-Benz – has been charged with violating United States bribery laws. The suit against Daimler claims the German automaker bribed officials in 22 countries over the last ten years to secure important business deals.

According to the suit filed by the United States Justice Department, Daimler “engaged in a long-standing practice of paying bribes to ‘foreign officials.’” Russia, Turkey, Egypt, China, Nigeria and Iraq, among others, were named in the lawsuit.

Per the court filing, the Justice Department is charging Daimler with two counts — conspiracy, and falsifying books and records under the Foreign Corrupt Practices Act. Although Daimler has yet to comment on the charges, the U.S. claims the German company bribed foreign officials with tens of millions of dollars in order to secure government vehicle contracts estimated to be worth hundreds of millions of dollars.

“In some cases, Daimler wired these improper payments to U.S. bank accounts or to the foreign bank accounts of U.S. shell companies in order to transmit the bribe,” the court documents said.

Hearings on the matter are scheduled to commence on April 1.



Link to comment
Share on other sites

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

This is the Call To Action(CTA)

  • Create New...

Write what you are looking for and press enter or click the search icon to begin your search