German magazine says former BMW employee charged with 18 counts of corruption
The man was also allegedly charged with 33 counts of breach of trust at the expense of BMW
Berlin — 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 €2.7m.
The former employee allegedly received €2.4m in kickbacks between 2007 and 2015 in exchange for awarding contracts.
In total, five people have been charged, including the MD of the now-insolvent consulting firm.
A court spokesperson said all five denied the charges.
Reuters