by Autocar
14 May 2010
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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Los Angeles
Re: Daimler's new bribery charge
The tip of the iceberg. Almost all large car companies cross the line between legality and criminal action. Their size and the amount of workers they employ dictate they will become a state within a state.
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