EU’s Kallas Criticizes Deutsche Bahn Accounting, FTD Reports

European Union Transport Commissioner Siim Kallas said Deutsche Bahn AG’s accounting practices are “unacceptable” and need to be changed, Financial Times Deutschland reported, citing an interview.

Because all subsidiaries transfer profits to the holding company, which then redistributes the money, “nobody really knows today if there is an unfair cross-subsidization of the transport business with money from the infrastructure side, and therefore ultimately from the government,” Kallas was quoted as saying.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE