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Tuesday, March 23, 2010
Toyota isn't the only powerhouse auto firm that likes to get involved in shady business practices. The Detroit News reports that Mercedes-Benz's parent company Daimler AG has paid a lot of cash - "tens of millions" in the form of bribes - to governments and/or officials of twenty-two (yes, that's 22!) countries. That's a lot.
The Justice Department has officially charged the manufacturer with violating the Foreign Corrupt Practices Act, which prevents U.S. firms from paying off (or offering "gifts" to) foreign officials (for an explanation on how this affects Germany, scroll down for an excerpt from FCPA Enforcement).
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