Germany- ThyssenKrupp, EADS venture raided over bribe
(MENAFN- The Peninsula) A joint venture of EADS and ThyssenKrupp and offices of Rheinmetall were raided this week in Germany on suspicion of paying bribes related to an order of submarine equipment from Greece, a spokesman for the state prosecutor in Bremen said yesterday.
The Atlas Elektronik joint venture and Rheinmetall Defence Electronics were searched as they are suspected of paying ¤18m ($24m) in bribes and of avoiding taxes, the prosecutor's spokesman said. He was confirming a report in German paper Sueddeutsche Zeitung.
EADS and ThyssenKrupp both confirmed the raid on their unit, which they bought from BAE Systems.
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