Jump to content


SEARCH

0

Daimler faces law suit in Nigeria

By SYF77 on 10 Jun 2010

Attached Image
It looks like the bribery fiasco for Daimler is far from over. After making a settlement worth US$185 million in April following a law suit that was brought forward by the US Justice Department and the Securities and Exchange Commission, and being charged for the a similar crime in Egypt, Daimler now faces the same scenario in Nigeria.

Just like the previous cases, the case launched by Nigeria’s anti-corruption agency centers around bribes given out to certain Nigerian officials to seal business deals. The investigation also involves Anammco, a Nigerian company that assembles Mercedes trucks and buses. The bribes are said to be worth up to US$15 million. Nigeria’s head of Economic and Financial Crimes Commission said, “We opened investigations into the Daimler/Anammco scam recently following a judgment in the U.S. where some Nigerians were convicted in relation to the Daimler bribery scam. So far we have interviewed about four officials and representatives of Daimler and Anammco in Nigeria.”

Anommco was founded in 1970 and was a joint venture between Daimler, the Nigerian government and local investors. Daimler sold its stake in Anammco in 2007 following a company policy that discourage investment in companies that are government linked.

I believe it is hard for Daimler to get away with this law suit since it was found guilty in other parts of the world.

Daimler, Nigeria, Anammco and 1 more...

Viewed: 470 times

Related Blog Posts
SYF77
Written by SYF77
I have been a car fanatic since 1989, when my father was changing our family car then to a Toyota Corolla 1.6 GL fitted with a Twin Cam 16 valve engine that was carburetor-fed, a big deal back in those days. The automobile technology and industry fascinates me and I hope to broadcast these interesting developments to everyone out there through this blog.



 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
Volkswagen has revealed that its ‘R’ brand performance models will soon become more wild and less...
POPULAR BLOG POSTS
Photo
A documentary about the late Paul Walker is being developed by the Paramount Network. It will sho...
Photo
The new Mitsubishi Lancer is set to return as a crossover and could get hybrid power. Mitsubishi...
Photo
The Formula One 2018 season is kicking off this weekend, and the warm-up lap is going to be led b...
Photo
An American publication has found some documents pointing out that the Mazda MX-5 could get a dec...
Photo
The Hyundai i30 N has been well-received by hot hatch fans but for those who prefer to not shift...
   Lifestyle Articles