MAN to pay fines over corruption
Source: Agencies |
December 11, 2009, Friday
|
Print Edition
Print Edition
GERMANY'S MAN SE has agreed to pay nearly 151 million euros (US$223 million) in fines over alleged corruption, the truck maker and judicial authorities said yesterday.
Munich prosecutors in May launched an investigation of alleged bribery, saying they suspected a "system to boost sales of trucks and buses" was in place in Germany.
Prosecutors in Munich, where the company is based, imposed fines of 75.3 million euros on the company's trucks division and 75.3 million euros on its turbo division.
MAN said its units agreed to the fines and the decision "brings to an end the investigations against the companies of the MAN Group on suspicion of ... corruption."
Both the court and the company said investigations of individuals suspected of corruption will continue.
Munich prosecutors in May launched an investigation of alleged bribery, saying they suspected a "system to boost sales of trucks and buses" was in place in Germany.
Prosecutors in Munich, where the company is based, imposed fines of 75.3 million euros on the company's trucks division and 75.3 million euros on its turbo division.
MAN said its units agreed to the fines and the decision "brings to an end the investigations against the companies of the MAN Group on suspicion of ... corruption."
Both the court and the company said investigations of individuals suspected of corruption will continue.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
