No Innocent In The Car Industry? Stuttgart Prosecutors Search Porsche Offices In Payments Probe

[pinto + 293]

Stuttgart prosecutors on Tuesday said Porsche AG’s offices were searched as part of a broader probe investigating confidential information leaks to a tax advisor and high remuneration payments to a Porsche works council member - according to Reuters. The probe involved 176 police and tax inspectors as well as 10 state prosecutors, the Stuttgart prosecutor’s office said.Tax investigators and prosecutors in Baden-Wuerttemberg searched several premises including Porsche AG’s offices in Weissach and Stuttgart, the offices of a tax advisor in Stuttgart, and offices of finance authorities, the Stuttgart prosecutor’s office said in a statement. A tax official is being probed on suspicion of having leaked confidential information to a tax advisor of Porsche AG in exchange for receiving favors, the prosecutor’s office said. Porsche managers are being probed on suspicion of a breach of fiduciary trust on suspicion of having granted “disproportionate” payments to a member of Porsche’s works council, the prosecutor’s office said, without elaborating further.

[Pavel + 384]

From probe to probe, the German car industry is losing quality and reputation.

[francoba + 93]

Corruption, bribe, cheating ... Did I miss something?

[damirUSBiH + 327]

German regulators fined Porsche $598 million for their involvement in the widespread VW diesel scandal...

https://www.motorauthority.com/news/1122998_porsche-served-598m-fine-in-germany-over-diesel-scandel

 

[50 shades of black + 254]

8 minutes ago, francoba said:

Corruption, bribe, cheating ... Did I miss something?

Everything is there. Tell it like it is.

[rainman + 263]

Big players use money as their way to conquer the world .. Usually, they succeed because the world around us is vulnerable to dirty money...

[Ward Smith + 6,615]

5 hours ago, pinto said:

Stuttgart prosecutors on Tuesday said Porsche AG’s offices were searched as part of a broader probe investigating confidential information leaks to a tax advisor and high remuneration payments to a Porsche works council member - according to Reuters. The probe involved 176 police and tax inspectors as well as 10 state prosecutors, the Stuttgart prosecutor’s office said.Tax investigators and prosecutors in Baden-Wuerttemberg searched several premises including Porsche AG’s offices in Weissach and Stuttgart, the offices of a tax advisor in Stuttgart, and offices of finance authorities, the Stuttgart prosecutor’s office said in a statement. A tax official is being probed on suspicion of having leaked confidential information to a tax advisor of Porsche AG in exchange for receiving favors, the prosecutor’s office said. Porsche managers are being probed on suspicion of a breach of fiduciary trust on suspicion of having granted “disproportionate” payments to a member of Porsche’s works council, the prosecutor’s office said, without elaborating further.

Hmm, the Betriebsverfassungsgesetz in Germany can have tremendous power and clout. I'm guessing US automakers would find it preferable to bribe union leaders to avoid strikes, and raises, which are far more costly. Unfortunately I'm also certain union leaders here would accept the bribe then go ahead with the strike because what's the automaker going to do, turn themselves in? Probably happened to every one of the Big Three at one time or another.