MAN, that’s a bill
IF YOU thought your last bill was nasty, spare a thought for former MAN chief Hakan Samuelsson and five other executives who have copped demands for a total of $319 million.
The Swede was at the helm of MAN when some of its sales force paid for foreign contracts for supply of trucks and buses.
A Munich court fined the company $203 million in December 2009, a month after Samuelsson had left the company, for not stopping the bribery. He was never a suspect.
Now MAN’s supervisory board, headed by Volkswagen Group chairman Ferdinand Piech, is demanding Samuelsson and co cough up more than the fine itself.
The increased fee is believed to include the costs of an internal investigation into the scandal.