Mexican Media Brands
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.
#legal
Share
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.
RELATED CONTENT
-
U.S. Charges Five More VW Execs in Diesel Cheating Scandal
U.S. prosecutors have charged five more current or former Volkswagen AG executives in connection with the carmaker’s diesel emission cheating scandal.
-
GM Says Plaintiff in Ignition Switch Lawsuit “Fabricated” Evidence
General Motors Co. has asked a county court judge in Texas to either dismiss a complaint about the company’s defective ignition switches or tell the jury the plaintiff and his lawyer misrepresented the key involved in a fatal crash.
-
VW Is Storing Nearly 300,000 Repurchased Diesels in U.S.
Volkswagen AG has stashed about 294,000 diesel-powered cars across the U.S. that it bought back from customers after admitting the vehicles were rigged to evade U.S. emission laws.