Rheinmetall AG, a German-based auto parts maker and defense contractor, disclosed in a statement this week that one of its subsidiaries, Rheinmetall Defense Electronics, reached a $46 million settlement with German prosecutors to resolve allegations of bribery.

The settlement “brings to an end criminal proceedings relating to the allegation that unauthorized payments were made during arms deals in Greece by a representative of the company in that country,” the company stated. “During the legal proceedings, RDE was accused of failing to detect and prevent suspicious payments to sales partners due to inadequate internal controls.”

 

 

 

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