Wednesday, June 30, 2010

Damn Daimler

"Daimler seen paying $185m settlement" by Pete Yost, Associated Press | March 24, 2010

WASHINGTON — Car manufacturer Daimler AG will pay $185 million to settle criminal and civil investigations in which the company is accused of paying tens of millions of dollars in bribes to officials of at least 22 foreign governments over a decade, two people familiar with the deal said yesterday....

Among the other countries in which Daimler AG allegedly made improper payments were Croatia, Hungary, Ivory Coast, Latvia, Nigeria, Russia, Serbia, Montenegro, Thailand, Turkey, Uzbekistan, and Vietnam. Daimler AG and three of its subsidiaries were charged with conspiracy and with violating the Foreign Corrupt Practices Act, which prohibits improper payments to officials of other countries.

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