Daimler AG To Pay $185 Million Over Bribery Criminal Complaint

Posted Mar 24, 2010

Daimler AG will be paying a $185 million file to resolve civil and criminal charges involving bribery to 22 governments across the globe over 10 years according to a source with the Detroit News. A criminal complaint was filed at a U.S. District Court in Washington.  The Justice Department charged Daimler with violating the Foreign Corrupt Practices Act.  Daimler earned $50 million in profits around the time the violation took place. As a result, Daimler will be paying $93.6 million in penalties to the Justice Department and $91.4 million to the SEC. [Detroit News]