Daimler Caught in International Multimillion-Dollar Bribery Scandal

Daimler Caught in millions of dollars in international corruption scandal


Toyota is not the only company that as a power car in a shady business practices involved. The Detroit News reported that Mercedes-Benz parent Daimler AG has paid a lot of money - tens of millions "in the form of bribes - the public and / or two (yes, 22!) Countries. That's a lot.

The Justice Department has formally accused the producers of the Foreign Corrupt Practices Act violations, the U.S. company has prevented (or the provision of "gifts") for the repayment of foreign public officials (for an explanation of how it relates to Germany, switch to an extract FCPA enforcement).

Between 1998 and 2008, Daimler said that its "investment" in China, Croatia, Egypt, Greece, Hungary, Indonesia, Iraq and Ivory Coast, Latvia, Nigeria, Russia, Serbia and Montenegro, Thailand, Turkey , Turkmenistan, Uzbekistan and Vietnam (and more!) with the objective of "the security of contracts with government customers for the purchase of Daimler vehicles worth hundreds of millions of dollars."

He believes that Daimler upwards of 50 million dollars earned from the distribution of bribes by companies Shell and in one case, created Daimler to pay a special U.S. company Shell, bribes.

And now, the chance for fans of "Amurri and the freedom to get angry: Daimler achieves contracts that American car is gone! The nefarious villains, it's like a double whammy.

Other examples are Russia (between 2000-2005), where 5 million dollars paid to government officials, and Turkmenistan (2000), where a $ 300,000 armored + S-Class was given as a birthday present from a senior executive of [the government] official. "

"Announce researchers traveled to 25 countries and interviewed dozens of people, including former chief executive of DaimlerChrysler's Juergen Schrempp and other executives. Researchers also found evidence of secret accounts."

This does not mean that Daimler did not attempt to solve some problems, they cut a net profit of 84.5 million dollars and an operating profit of 21 million U.S. dollars for 2005 - and executives released - when it became clear that some "improper payments" in Asia, Africa and Eastern Europe. "

Reuters reported, are "The charges on two counts: conspiracy and falsifying books and records under the Foreign Corrupt Practices Act.

There was speculation that Daimler will be beaten (biggest crime-ler), with a fine of up to 185 $ 200 miljoen. Ouch.

By forces FCPA:

In 1988, Congress has directed the government to actively seek a level playing field by promoting similar to our trading partners with a view to legislation in the FCPA. These efforts ultimately lead to the Organization for Economic Cooperation and Development Convention on Combating Bribery of Foreign Public Officials in International Business Transactions resulted (the "OECD Convention").

On 21 November 1997, the 29 Member States of the Organization for Economic Cooperation and Development (OECD) and five thirds of the "Convention on Combating Bribery of Foreign Public Officials in International Business Transactions." The OECD Convention on 17 December was signed in 1997, and ratified by the U. S. Senate on 1 July 1998, with a statement of the essential elements of the Foreign Corrupt Practices Act provides that each signatory province to create the law.