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U.S. Joins German Probe of Ford Bribery Charges Expands
The U.S. Securities and Exchange Commission has joined German authorities in a two-year-old investigation into charges that Ford Motor Co. paid bribes to facilitate shipments into Russia, according to media reports.
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The U.S. Securities and Exchange Commission has joined German authorities in a two-year-old investigation into charges that Ford Motor Co. paid bribes to facilitate shipments into Russia, according to media reports.
The probe involves DB Schenker the logistics unit of government-owned Deutsche Bahn and the company's dealings with customs agents in St. Petersburg. A spokesman cited by Reuters says the case targets two employees at Ford, one at an unidentified Russian contractor and eight current or former employees at Schenker.
The investigation is based in Cologne, home of Ford's European headquarters. Deutsche Bahn says it has dismissed an undisclosed number of employees over the bribery claims and continues to investigate other suspects.
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