Deutsche Telekom Raids Included Private Homes, Offices, Prosecutor Says

Bonn prosecutors raided private homes of employees at Deutsche Telekom AG as well as the offices of other companies in late August as part of a corruption probe.

Bonn prosecutors opened a bribery probe after they were asked for assistance by the U.S. Securities and Exchange Commission, Friedrich Apostel, spokesman for the prosecutors, said today. Deutsche Telekom Chief Executive Officer Rene Obermann’s home was among the sites searched Aug. 31, German magazine Wirtschaftswoche reported.

“I won’t name any names because we can search homes and offices of people even if they aren’t suspected of wrongdoing,” Apostel said in a phone interview. “In the end, nothing may come out of all of this and we don’t want to burden people by throwing their names in the arena at such an early stage.”

Deutsche Telekom said earlier this month that its headquarters were raided as part of the probe relating to its Magyar Telekom unit in Hungary. The searches were conducted with the help of Germany’s Federal Criminal Police Office and included several other companies, Apostel said. The SEC didn’t ask for raids to be conducted, he said.

Mark Nierwetberg, a spokesman for the Bonn-based company, declined to comment on whose homes or offices were searched.

To contact the reporter on this story: Karin Matussek in Berlin at kmatussek@bloomberg.net

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