Daimler Agrees To Pay $185M In FCPA Cases

Law360, New York (April 1, 2010, 7:05 PM EDT) -- Daimler AG has agreed to pay $185 million to resolve allegations by the U.S. Securities and Exchange Commission and the U.S. Department of Justice that the German automaker paid millions of dollars in bribes to officials in at least 22 foreign countries to secure government contracts.

Daimler’s Russian subsidiary DaimlerChrysler Automotive Russia SAO, now known as Mercedes-Benz Russia SAO, and its German subsidiary Export and Trade Finance GmbH both pled guilty Thursday in the U.S. District Court for the District of Columbia to one count of...
To view the full article, register now.