Ferrostaal Fined $183 Million by Court at Ex-Managers’ Trial
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Ferrostaal AG was fined 140 million euros ($183 million) today by a Munich court in a bribery case related to the conduct of two former employees.
The fine is the result of an agreement between the company, prosecutors and the judges, court spokeswoman Margarete Noetzel said in an e-mailed statement. The sanction was issued as part of a verdict in the trial of two former company managers accused of paying bribes in Greece and Portugal.