DAIMLER RUSSIAN BRIBERY INVESTIGATION OPENED

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Daimler is being investigated in Russia relating to purchases of Mercedes-Benz by Russian state agencies. In April the Daimler subsidiary Mercedes-Benz Russia was fined $27.26 million by the U.S. Department of Justice for conspiring to violate the U.S.Foreign Corrupt Practices Act.Mercedes admitted making improper payments to Russian federal and municipal government officials to secure contracts in exchange for kickbacks. Between 2000-2005 officials received 5 million euros and 80,000 German marks.