Daimler faces $640 mln fine in graft probe-report

Newswire

FRANKFURT, May 20 (Reuters) - DaimlerChrysler could face a $640 million fine as a result of a bribery probe by the U.S. justice department and the U.S. stock market regulator, German weekly Der Spiegel said on Saturday. The Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ) began their investigations in 2004 after a whistle-blower complaint filed by a former employee of the world's fifth-biggest carmaker. The employee, who Daimler has said was sacked for ...

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