Daimler hit with Greek corruption charges

(The Local.de) Greek prosecutors announced on Monday they are bringing charges against several Daimler managers, who they say were involved in multi-million euro bribes to Greek officials and army officers. No politicians are implicated at this stage of the investigation.

According to reports in the Greek media, the charges against the Stuttgart-based company centre on contracts for military vehicles signed between 1997 and 2000 by the PASOK government..

The total value of the contracts is reported to be over €100 million, while the bribes were in the region of €2 million, reports Tagesspiegel.

The dossiers on which prosecutors are basing the case against seven Daimler managers originate from a US investigation into the company.

Daimler has already been ordered to pay €185 million in the USA on corruption charges relating to cases in 22 countries between 1998 and 2008.

It is unclear whether the accused, whose names have not yet been disclosed, still work for the company. Daimler fired over 40 employees in the wake of the US trial.

Wirtschafts Woche report Daimler saying they have no formal knowledge of the charges.

The crime for corruption in Greece carries a maximum sentence of 20 years.