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DB Schenker fined US$2.2m in Germany over 'unclear payments' in Russia
A UNIT of Deutsche Bahn's forwarding and logistics subsidiary DB Schenker has been fined EUR2 million (US$2.21 million) in Germany for "compliance violations" related to its operations in Russia.
The penalty brings to a close the investigation by Cologne's state prosecutor into 'unclear payments', thought to be to corrupt officials at the port of St Petersburg, reported Lloyd's Loading List.
In a statement, DB said that the Cologne state prosecutor and Schenker had agreed to terminate an investigation into "irregularities" in its business in Russia.
The statement added: "In line with the Cologne state prosecutor's request, an administrative fine of EUR2 million has been imposed on Schenker Russia. This fine relates to violations by another, liquidated, Russian Schenker company for actions occurring between 2010 and mid-2012.
"Proceedings against individuals, most of whom are no longer with Schenker, have also been terminated with the payment of fines. The subject of the investigation was unclear payments in connection with logistics services in Russia."
The company continued: "Schenker intensively cooperated with the Cologne state prosecutor from the outset of the investigation and undertook considerable efforts on its own to bring clarity to the payments. Furthermore, substantive staffing and organisational enhancements were made to further strengthen Schenker's internal compliance systems."
In March 2015 claims emerged that the sudden departure of the chairman of the management board of Schenker, Thomas Lieb, had been connected to an investigation into the activities of nine Schenker managers in connection with alleged bribes paid to corrupt Russian officials at the port of St Petersburg.
The penalty brings to a close the investigation by Cologne's state prosecutor into 'unclear payments', thought to be to corrupt officials at the port of St Petersburg, reported Lloyd's Loading List.
In a statement, DB said that the Cologne state prosecutor and Schenker had agreed to terminate an investigation into "irregularities" in its business in Russia.
The statement added: "In line with the Cologne state prosecutor's request, an administrative fine of EUR2 million has been imposed on Schenker Russia. This fine relates to violations by another, liquidated, Russian Schenker company for actions occurring between 2010 and mid-2012.
"Proceedings against individuals, most of whom are no longer with Schenker, have also been terminated with the payment of fines. The subject of the investigation was unclear payments in connection with logistics services in Russia."
The company continued: "Schenker intensively cooperated with the Cologne state prosecutor from the outset of the investigation and undertook considerable efforts on its own to bring clarity to the payments. Furthermore, substantive staffing and organisational enhancements were made to further strengthen Schenker's internal compliance systems."
In March 2015 claims emerged that the sudden departure of the chairman of the management board of Schenker, Thomas Lieb, had been connected to an investigation into the activities of nine Schenker managers in connection with alleged bribes paid to corrupt Russian officials at the port of St Petersburg.
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