DaimlerChrysler Hires Outside Monitor in Bribery Investigation

By Katie Hauser

Published on December 27, 2006

The Securities and Exchange Commission began a formal inquiry into the company in 2004, after a former employee claimed he was fired for reporting that the company was bribing foreign officials with money from a hidden account. The Justice Department is also conducting a criminal investigation of the company’s business dealings.

In 2005, DaimlerChrysler began an internal investigation into the claim. Reports show that evidence of such bribes does indeed exist. Officials in Eastern Europe, Asia, and Africa are alleged to have received money from DaimlerChrysler, but reports do not yet show whether company executives were aware of the bribes.

Comment on this article →