Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Daimler AG
Current Parent CompanyMercedes-Benz Group
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $93,600,000
Year: 2010
Date: April 1, 2010
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Violation Description: Daimler AG and three of its subsidiaries resolved charges related to a Foreign Corrupt Practices Act investigation into the company's worldwide sales practices. Daimler AG's Russian subsidiary DaimlerChrysler Automotive Russia SAO, subsequently renamed Mercedes-Benz Russia SAO, and its German subsidiary, Export and Trade Finance GmbH, each pleaded guilty to criminal charges. Daimler AG entered into a deferred prosecution agreement as did its Chinese subsidiary.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: plea & deferred prosecution agreement
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: motor vehicles
Specific Industry of Current Parent: motor vehicles
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.