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In order to resolve civil and criminal charges brought over accusations that the company paid tens of millions of dollars in bribes to the governments of at least 22 nations over a 10-year period, Daimler AG will pay a $185 million fine. The deal which is still awaiting final approval by a U.S. District Court judge in Washington, will see Daimler paying $93.6 million to the Justice Department, and $91.4 million to the SEC. The company is also in talks to avoid prosecution in China.<\/p>\n
The bribes purportedly helped Daimler secure business that was being sought after by American companies, which are prohibited by law from such practices, as was Daimler by virtue of a 1998 treaty signed by Germany. The alleged bribes were paid between 1998 and 2008, and include payments made through a U.S. shell company.<\/p>\n
According to Detroit News, \u201cThe head of sales and marketing for Daimler’s China units “was able to remove at least approximately \u20ac230,000 from a company … account without detection, and then direct those funds to the offshore bank account of his wife.”<\/p>\n
<\/span><\/p>\n The investigation spanned 75 countries, and hundreds of interviews, including 30 closely examined individuals. A person close to the matter said that Daimler has spent tens of millions of dollars on legal, accounting, and consulting specialists.<\/p>\n Daimler revealed that in 2006 an undisclosed number of executives were either disciplined or fired as a result of these actions, and that \u2018improper payments\u2019 had in fact been made in Asia, Africa, and Eastern Europe.<\/p>\n – By: Stephen Calogera<\/em><\/p>\n Source: Detroit News<\/a><\/p>\n In order to resolve civil and criminal charges brought over accusations that the company paid tens of millions of dollars in bribes to the governments of at least 22 nations over a 10-year period, Daimler AG will pay a $185 million fine. The deal which is still awaiting final approval by a U.S. District Court […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-467417","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/467417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=467417"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/467417\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=467417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=467417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=467417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/img><\/a>
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