2 Apr 2010

Daimler agrees to pay $185m after admitting bribery

German carmaker Daimler has pleaded guilty to corruption in the US and will pay $185m (£121m) to settle the case. The charges relate to US Justice Department and Securities and Exchange Commission investigations into the company's global sales practices. Daimler, the owner of Mercedes-Benz, admitted to paying tens of millions of dollars of bribes to foreign government officials in at least 22 countries.


They were said to have given money and lavish gifts to help win contracts in countries including China, Russia, Thailand, Greece, and Iraq.

The Justice Department said that by "using offshore bank accounts, third-party agents and deceptive pricing practices, these companies saw foreign bribery as a way of doing business".

BBC News