Page last updated at 22:24 GMT, Thursday, 1 April 2010 23:24 UK

Daimler agrees to pay $185m after admitting bribery


German carmaker Daimler has pleaded guilty to corruption in the US and will pay $185m (£121m) to settle the case.

The charges relate to US Justice Department and Securities and Exchange Commission investigations into the company's global sales practices.

Daimler, the owner of Mercedes-Benz, admitted to paying tens of millions of dollars of bribes to foreign government officials in at least 22 countries.

The company said it had now reformed the way it did business.

Caroline Hepker reports.


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