I just heard this on the news, Daimler Chrysler bribing international officals?
#1
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I just heard this on the news, Daimler Chrysler bribing international officals?
I was watching the news and just heard this. Seems Benz is bribing officials in different countries. The US. Justice department is not going to investigate, criminal charges could come.
Seems an ex-Benz employee filed suit about this.
GOtta find links
Seems an ex-Benz employee filed suit about this.
GOtta find links
#2
Link: http://www.detnews.com/2005/autosins.../01-271041.htm
WASHINGTON -- The Justice Department is investigating whether DaimlerChrysler AG paid bribes to foreign officials with the knowledge of its senior executives, according to the company's latest financial disclosure.
The criminal investigation is in addition to one begun last year by the Securities and Exchange Commission after an employee fired by the automaker said he was dismissed for complaining that the company was using secret bank accounts to bribe government officials.
DaimlerChrysler said it is cooperating with the investigations by "voluntarily sharing ... information from its own internal investigation of payments from certain accounts" and complying with subpoenas from both federal agencies.
A DaimlerChrysler spokesman, Toni Melfi, confirmed that the investigation was linked to the SEC inquiry.
The company said its own investigation has identified questionable payments but that it has not reached "any definitive conclusions" about whether they violate the U.S. Foreign Corrupt Practices Act, DaimlerChrysler said in its interim report to the SEC on its financial performance in the second quarter of 2005.
The law prohibits the payment of bribes to foreign officials.
Justice Department spokesman Bryan Sierra declined to comment Friday. The Wall Street Journal first reported on the Justice Department investigation on Friday.
David Bazzetta, a former employee in the automaker's corporate auditing department, claimed in a lawsuit filed in U.S. District Court in Detroit last year that he learned during a corporate audit executive meeting in Stuttgart, Germany, that payment of bribes was a common practice dating to before Daimler-Benz's 1998 merger with Chrysler Corp.
The suit was settled last month. Terms of the settlement have not been disclosed.
On the Net:
DaimlerChrysler AG: http://www.daimlerchrysler.com
The criminal investigation is in addition to one begun last year by the Securities and Exchange Commission after an employee fired by the automaker said he was dismissed for complaining that the company was using secret bank accounts to bribe government officials.
DaimlerChrysler said it is cooperating with the investigations by "voluntarily sharing ... information from its own internal investigation of payments from certain accounts" and complying with subpoenas from both federal agencies.
A DaimlerChrysler spokesman, Toni Melfi, confirmed that the investigation was linked to the SEC inquiry.
The company said its own investigation has identified questionable payments but that it has not reached "any definitive conclusions" about whether they violate the U.S. Foreign Corrupt Practices Act, DaimlerChrysler said in its interim report to the SEC on its financial performance in the second quarter of 2005.
The law prohibits the payment of bribes to foreign officials.
Justice Department spokesman Bryan Sierra declined to comment Friday. The Wall Street Journal first reported on the Justice Department investigation on Friday.
David Bazzetta, a former employee in the automaker's corporate auditing department, claimed in a lawsuit filed in U.S. District Court in Detroit last year that he learned during a corporate audit executive meeting in Stuttgart, Germany, that payment of bribes was a common practice dating to before Daimler-Benz's 1998 merger with Chrysler Corp.
The suit was settled last month. Terms of the settlement have not been disclosed.
On the Net:
DaimlerChrysler AG: http://www.daimlerchrysler.com
#3
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#4
Lexus Fanatic
Originally Posted by 1SICKLEX
The US. Justice department is not going to investigate, criminal charges could come.
Wonder what DC is trying to shut up those foreign officials from if the charges are true.
#6
Lexus Champion
Another link
DC's quality is inferior to almost everyone at this point.
They're probably trying to bribe them
DC's quality is inferior to almost everyone at this point.
Originally Posted by XeroK00L
Wonder what DC is trying to shut up those foreign officials from if the charges are true.
#7
Lexus Fanatic
Originally Posted by TheRupp
[DC's quality is inferior to almost everyone at this point.
D
D
Also, keep in mind that fired and disgruntled employees often make wild charges against their former employers......sometimes true, but more often not.
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