Daimler Faces Russian Criminal Probe Over Contracts

Law360, New York (November 12, 2010, 4:35 PM EST) -- Russian prosecutors revealed Friday that they've opened an investigation into possible criminal fraud committed by Daimler AG in government contracts, about seven months after the company pled guilty and paid $185 million in the U.S. over Foreign Corrupt Practices Act violations in Russia and 21 other countries.

A pre-investigation conducted by the investigative committee of Russia's prosecutor general's office found there was evidence Daimler committed criminal fraud related to government contracts for Mercedes-Benz cars, according to a statement on the prosecutor's website.

Daimler, which the U.S....
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