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Aug 8, 2005

Investigation - USA - DaimlerChrysler investigated for bribery

USA -Auto Blog, by Eric Bryant -Aug 8, 2005: -- DaimlerChrysler is being investigated on suspicion of bribery by its Mercedes unit, and included are the U.S. Justice Department and German federal authorities. This apparently stems from the suicide death of a Mercedes official who left a note that contained information related to the alleged wrongdoing. It appears that only foreign government officials were bribed (with the knowledge of senior executives), but the involvement of U.S. investigators has to raise some eyebrows. And is this related to Jurgen Schrempp’s departure? Nothing points towards that yet, but the sell-off of stock by top executives immediately after Schrempp’s announcement now also has caused allegations of insider trading...

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