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Investigation of Daimler public-procurement contract to be completed in April

The national asset management company MNV's investigation of German vehicle company Daimler's 2005 sales contract with state-owned bus company Volánbusz will likely be completed by the end of April, government spokesman Domokos Szollár said.

Prime Minister Gordon Bajnai mandated the investigation in March after the US Justice Department charged Daimler with paying bribes to officials in at least 22 countries to win lucrative contracts, including the 2005 Volánbusz contract.

The US Justice Department lawsuit alleged that Daimler paid more than €300,000 to Hungarian officials to win the Volánbusz contract.

Daimler announced on Thursday that it has reached a settlement of the US Securities and Exchange Commission and Department of Justice according to which the company will pay fines and penalties of $185 million. (MTI – Econews)