Bilfinger Investigating Bribery Allegations at Brazilian Subsidiary
26 März 2015 - 2:46PM
Dow Jones News
By Friedrich Geiger
BERLIN--Germany's Bilfinger SE said Thursday it is investigating
allegations that employees of a subsidiary of the German
engineering group made improper payments of less than 1 million
euros ($1.09 million).
Employees of a Brazilian subsidiary of the group may have bribed
public officials and employees of state companies in connection
with the supply of monitor walls for security control centers in
several large municipalities in the country, the company said. The
order had a volume of approximately EUR6 million.
Bilfinger found the suspicious payments by looking at accounting
transactions over the past years. The company said it had informed
the relevant Brazilian authority, Controladoria-Geral da União.
Bilfinger will provide CGU with the results of its internal
investigation when it has been completed, the company said.
Write to Friedrich Geiger at friedrich.geiger@wsj.com
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