Proofs of Payments of Millions of Euros in Bribes Discovered in Deutsche Bahn Unit
The auditors were called to investigate Europe's biggest railway company's international consulting arm after proofs of payments of millions of Euros in bribes were discovered.
Last year, Hartmut Mehdorn, the previous Chief Executive was forced out over accusations that he snooped on staff. Deutsche Bahn had just agreed to buy the UK's Arriva for £1.6bn a day before, which is its biggest international purchase in the passenger market.
The company shared that the cases under investigation went back to 2005 and concerned Algeria, Rwanda and Greece. The company had a primary interest in exposing the truth about the transactions fully and rapidly, according to Gerd Becht, Deutsche Bahn's head of compliance, legal affairs and data protection.
Mr Becht said, "We ourselves brought details of irregularities to the attention of prosecutors last year. The inquiries developed from there".
Deutsche Bahn's new management took several steps, to make it sure that business practices across the company fulfilled all the legal requirements, the company further added.
Though, no explanation was revealed about whether any employees had been arrested or suspended. The announcement also did not reveal anything pertaining to projects in which questionable payments have been made.
United Kingdom News
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