Currently reading: Daimler's new bribery charge
Egyptian authorities investigate claims of bribery to win business deals

Daimler is to be investigated for bribery by the Egyptian authorities.

"Prime Minister Ahmed Nazif has decided to transfer the available information to Public Prosecutor Abdel Meguid Mahmoud on the payment of bribes by car maker Daimler Mercedes Benz to employees in several countries, including Egypt," an Egyptian cabinet statement said.

The announcement follows a settlement with US authorities on similar charges.

Daimler agreed to pay $185 million to settle charges by the Justice Department and the Securities and Exchange Commission. It was accused of giving foreign officials cash incentives and cars to win business deals.

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