Salem Radio Network News Thursday, January 20, 2022

Business

Former BMW employee charged with 18 counts of corruption – WirtschaftsWoche

BERLIN (Reuters) – Prosecutors in Munich have charged a former senior employee of BMW with corruption and of having defrauded the German carmaker of millions of euros, German magazine WirtschaftsWoche reported.

The man was charged with 18 counts of commercial corruption and 33 counts of breach of trust at the expense of BMW, WirtschaftsWoche reported on Wednesday, citing a court spokesperson.

BMW could not be immediately reached for comment. According to the Munich court, damages to BMW amounted to 2.7 million euros ($3.06 million).

The former employee allegedly received 2.4 million euros in kickbacks between 2007 and 2015 in exchange for awarding contracts.

In total, five people have been charged, including the managing director of the now-insolvent consulting firm.

A court spokesperson said all five deny the charges.

($1 = 0.8836 euros)

(Reporting by Miranda Murray, editing by Thomas Escritt)

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