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U.S. v. Daimler AG

 
:
Daimler - Daimler AG
:
DOJ Criminal
:
March 22, 2010
:
U.S. v. Daimler AG
:
U.S. v. Daimler AG, 1:10-cr-00063 (D.D.C. 2010)
:
Automotive
:
China, Cote d'Ivoire, Croatia, Egypt, Greece, Hungary, Indonesia, Iraq, Latvia, Montenegro, Nigeria, Russia, Serbia, Thailand, Turkey, Turkmenistan, Uzbekistan, Viet Nam
:
1998; 1999; 2000; 2001; 2002; 2003; 2004; 2005; 2006; 2007; 2008
:
The DOJ alleges Daimler AG engaged in a long-standing practice of paying bribes to foreign officials in at least 22 countries to assist in securing contracts with government customers for the purchase of Daimler vehicles valued at hundreds of millions of dollars. According to the DOJ, corporate ledger accounts known internally as third-party accounts, corporate cash desks, offshore bank accounts, deceptive pricing, and third-party intermediaries were all used to pay bribes.

Daimler disclosed in October 2004 that the company was the subject of an SEC investigation into potential violations of the FCPA. The DOJ launched its own investigation.
:
Books and records (Issuer), Conspiracy - Anti-Bribery
:
The DOJ and Daimler entered into a two-year DPA. Daimler agreed to pay a monetary penalty of $93 million and to implement a compliance and ethics program.
:
93,600,000
:
0
:
Issuer
:
Foreign
:
Contract Procurement/Retention
:
Not stated.
:
Not stated.
:
No
:
No