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Daimler faces law suit in Nigeria

By SYF77 on 10 Jun 2010

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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...

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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.



 
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