13 December 2012 | 14:52

German company suspected of bribery in Kazakhstan

ПОДЕЛИТЬСЯ

Photo courtesy of Wikipedia Photo courtesy of Wikipedia

German steel-casting giant ThyssenKrupp is suspected of a major bribery in Kazakhstan, as well as in Uzbekistan and China, Deutsche Welle writes. Prosecutors of Essen, where the company’s head office is located, have initiated an investigation against 14 employees of the group. An affiliated company of ThyssenKrupp, GfT Bautechnik, took part in construction of artificial islands in the Caspian Sea and supplied cutoff piling there. The story with bribes in Kazakhstan appeared after an anonymous letter was received by the company’s management, the magazine writes. The internal investigation showed that the affiliated company, without notifying the management of ThyssenKrupp, has illegally transferred around 8 million Euro to the account of the company registered in the U.S.. The purpose and end recipients of the payments are unknown. However, the anonymous source told German newspaper WAZ, so that the money were to “push” the construction process forward. ThyssenKrupp fired 6 employees, including a top manager of GfT Bautechnik. The fired employees do not admit their fault. According to the attorney of GfT, internal race for power caused the firings. ThyssenKrupp has been losing millions over the last two years. Recently the group reported 5 billion Euro losses in 2011/2012, mainly because of unsuccessful investments abroad. Construction of two plants in Brazil and the U.S. cost the group almost 12 billion Euro, instead of the planned 3 billion.


Иконка комментария блок соц сети
German steel-casting giant ThyssenKrupp is suspected of a major bribery in Kazakhstan, as well as in Uzbekistan and China, Deutsche Welle writes. Prosecutors of Essen, where the company’s head office is located, have initiated an investigation against 14 employees of the group. An affiliated company of ThyssenKrupp, GfT Bautechnik, took part in construction of artificial islands in the Caspian Sea and supplied cutoff piling there. The story with bribes in Kazakhstan appeared after an anonymous letter was received by the company’s management, the magazine writes. The internal investigation showed that the affiliated company, without notifying the management of ThyssenKrupp, has illegally transferred around 8 million Euro to the account of the company registered in the U.S.. The purpose and end recipients of the payments are unknown. However, the anonymous source told German newspaper WAZ, so that the money were to “push” the construction process forward. ThyssenKrupp fired 6 employees, including a top manager of GfT Bautechnik. The fired employees do not admit their fault. According to the attorney of GfT, internal race for power caused the firings. ThyssenKrupp has been losing millions over the last two years. Recently the group reported 5 billion Euro losses in 2011/2012, mainly because of unsuccessful investments abroad. Construction of two plants in Brazil and the U.S. cost the group almost 12 billion Euro, instead of the planned 3 billion.
Читайте также
Join Telegram
Volcanic eruption has begun in Iceland
Bitcoin reaches all-time high again
Sirens sounded across Kazakhstan
Kazhydromet warns Almaty and Shymkent
Kazakhstanis advised to leave Ukraine
Sirens to sound throughout Kazakhstan
COVID-19 may shrink cancer tumors
Earthquake struck Kyrgyzstan overnight
Apple stops making popular device
Kazakhstan may have its own Antalya
How Tokayev was greeted in Serbia
Abkhazia's president signs resignation
Лого TengriSport мобильная Лого TengriLife мобильная Иконка меню мобильная
Иконка закрытия мобильного меню

Exchange Rates

 498.59   521.12   4.87 

 

Weather

 

Редакция Advertising
Социальные сети