Daimler AG charged with violating U.S. bribery laws

Article by Christian Andrei, on August 29, 2010

Daimler AG is facing complaints alleging that it violated US bribery laws over deals in at least 22 countries made in nearly one decade, according to a document filed in US court recently.

The US Justice Department claims that Daimler has had a long-standing practice of paying bribes to foreign officials related to deals in Russia, Turkey, Egypt, China, Nigeria, Iraq and other countries.

This information was taken from the criminal information document typically used in plea agreements with the Justice Department.

Both Daimler and the Justice Department have yet to comment on whether a settlement is in the works. There will be a hearing on April 1 in the US District Court in Washington D.C. There are two counts.

The first is conspiracy and the other is falsifying books and records under the Foreign Corrupt Practices Act. The deals allegedly involved hundreds of payments worth tens of millions of dollars to foreign officials.

In return, these officials helped the company win contracts to provide vehicles to governments. The court papers said that in a few of these cases, these improper payments were wired to US bank accounts or to the foreign bank accounts of US shell companies.

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