BMW manager arrested in fresh bribery scandal

27th July 2005, Comments 0 comments

27 July 2005, MUNICH - Corporate Germany has been hit by a fresh bribery scandal following the arrest of a manager from the country's luxury carmaker BMW AG.

27 July 2005

MUNICH - Corporate Germany has been hit by a fresh bribery scandal following the arrest of a manager from the country's luxury carmaker BMW AG.

The arrest of the 54-year-old amid claims that he accepted kickbacks totalling about USD 100,000 from suppliers comes in the wake of a burgeoning bribery and sex scandal at carmaker Volkswagen AG and allegations of corruption at chipmaker Infineon AG, which is Europe's biggest semiconductor maker.

An executive from the supplier, which is located near the east German city of Zwickau, has also been taken into custody, Munich's senior public prosecutor Christian Schmidt-Sommerfeld said.

Both men were expected to appear before a court Wednesday..

The senior public prosecutor stressed that BMW was fully assisting in the case with investigators having seized documents during a search of apartments and offices.

"At present, it can be assumed that it is an individual case and is not part of a larger affair," Schmidt-Sommerfeld said.

DPA

Subject: German news

0 Comments To This Article