Corruption Investigation Germany's Ferrostaal Suspected of Organizing Bribes for Other Firms

German engineering group Ferrostaal is under suspicion of paying bribes to secure contracts and of organizing bribery payments on behalf of other firms for a fee. The case could have repercussions for the whole of German industry, says one former executive of MAN, Ferrostaal's former parent company.
Ferrostaal's headquarters in Essen.

Ferrostaal's headquarters in Essen.

Foto: Bernd Thissen/ dpa
Translated from the German by Christopher Sultan