Faurecia CEO target of German bribery probe

Newswire

FRANKFURT, July 28 (Reuters) - Frankfurt prosecutors said on Friday they were investigating Pierre Levi, the chief executive of French car parts company Faurecia , on suspicion he may have abetted corruption. Prosecutor Sybille Gottwald told reporters that Levi is accused of having known since 2001 that the company was bribing carmakers to win contracts, and that he had confessed to this in writing. Faurecia had no immediate comment.

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