Daimler agrees to pay $185m after admitting bribery

Date: 5 Apr 2010

German carmaker Daimler has pleaded guilty to corruption in the US and will pay $185m 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. The company said it had now reformed the way it did business.

Article source: BBC

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