• Germany's news in English
 

Price-fixing steel bosses 'entertained in brothels'

Published: 11 Sep 2012 09:36 GMT+02:00

Court documents seen by the Handelsblatt newspaper show that a former manager of a Voestalpine subsidiary spent €71,276 between 2005 and 2009 on his “track friends”. Much of the money was spent in the Berlin brothel “Bel Ami”, the paper said.

While Voestalpine confirmed the existence of the 35 bills paid by the manager, it stressed these had nothing to do with the railway track cartel.

Yet a former manager who was at the price- and market-share-fixing meetings told the Handelsblatt that employees from Voestalpine and ThyssenKrupp had met colleagues from Deutsche Bahn several times. They had discussed prices over dinner, and then gone to the brothel.

ThyssenKrupp was fined €103 million in July, while Vossloh and Voestalpine were fined €13 million and €8.5 million respectively. All admitted to fixing prices and sharing out the market for railway tracks.

The steel managers are only the latest to have been caught spending company money on prostitutes.

Insurance firm Ergo repeatedly sent top-selling agents on trips involving paid-for sex, including one well-documented three-day weekend in Budapest.

The Local/hc

The Local (news@thelocal.de)

Your comments about this article

10:31 September 11, 2012 by Onlythetruth
So what else is new?
11:22 September 11, 2012 by Berlin fuer alles
Filthy and degenerated at the top. All paid for by the consumer and taxpayer.
12:53 September 11, 2012 by raandy
The price of fuel in Berlin has increased since June and the cost of crude has dropped 10%, how about checking on a fuel price fixing scam.
17:17 September 11, 2012 by Englishted
It is just one cock up after another.
05:28 September 12, 2012 by bob searcy
its the only good think to come from these economic hard times. crooked crap went down but it was exposed.. financially distressed people arent smiling at crooked business leaders right now.
06:55 September 12, 2012 by Berlin fuer alles
Wonder why this is being brought to light at this moment in time? Seems like an agenda by the media. Wasn*t there another similar example of misbehaving recently?
09:11 September 12, 2012 by C Robert
Look at the bright side every one has an opportunity to relax, chill out including those inn keeper hostesses their pocket were bulging with Euros. No harm done! It all for good cause "Price Fixing", so next year harvest will be real Juicy.
Today's headlines
Merkel joins Holocaust survivors to mark Dachau liberation
Merkel laying a wreath at Dachau. Photo: DPA

Merkel joins Holocaust survivors to mark Dachau liberation

German Chancellor Angela Merkel joined survivors of the former Nazi concentration camp at Dachau on Sunday for a solemn ceremony to mark 70 years since it was liberated by US forces. READ  

Snowden among statues unveiled in Berlin
Italian artist Davide Dormino with the statues. Photo: YouTube (screenshot)

Snowden among statues unveiled in Berlin

Statues of whistleblowers Edward Snowden, Julian Assange, and Bradley Manning were unveiled in central Berlin on Friday by activists and members of Germany’s Green party. READ  

Andy Murray smashes through to Munich semis
Andy Murray in action. Photo: AFP

Andy Murray smashes through to Munich semis

Top-seeded Andy Murray hit back from a set down to defeat Lukas Rosol 4-6, 6-3, 6-2 in a bad-tempered quarter-final at the rain-hit Munich Open on Saturday. READ  

Munich quarters postponed by rain
Photo: DPA

Munich quarters postponed by rain

Andy Murray's match against Lukas Rosol and the rest of the Munich Open quarter-finals will take place on Saturday after wet weather washed out Friday's schedule. READ  

Berlin deleted '12,000 NSA spy requests'
File photo: DPA

Berlin deleted '12,000 NSA spy requests'

The German intelligence service BND, which is accused of helping the United States spy on EU leaders and companies, had actually "deleted 12,000 requests" targeting European officials, according to a media report on Saturday. READ  

Commerzbank owners reject bigger bonuses
Photo: DPA

Commerzbank owners reject bigger bonuses

Shareholders of Commerzbank, Germany's second largest bank, rejected a proposal Thursday to pay bankers bigger bonuses. READ  

Neo-Nazis plan 'to storm Reichstag' 70 years on
A National-Democratic Party demonstrator in Berlin, August 2014. Photo: DPA

Neo-Nazis plan 'to storm Reichstag' 70 years on

Authorities said on Thursday that far-right activists have organized a demonstration outside Berlin's Reichstag (parliament) building on May 9th, the 70th anniversary of the end of the Second World War. READ  

This week in history
The bitter end in the Führer's bunker
Adolf Hitler speaking to child soldiers in the spring of 1945. Photo: DPA

The bitter end in the Führer's bunker

Thursday marks the 70th anniversary of the death of Adolf Hitler. On April 30th 1945 he and Eva Braun committed suicide in the Führerbunker as Berlin crumbled around them. READ  

Munich man hurls white mice at passersby

Munich man hurls white mice at passersby

Police in Munich had to intervene to stop a drunk man attacking passersby with mice on Thursday morning, reports the Augsburger Allgemeine. READ  

Police 'capture escaped murderer in Cologne'
Detlef Witte, on the run from police in Bonn. Photo:DPA

Police 'capture escaped murderer in Cologne'

Local journalists are reporting police in Cologne have caught a murderer who escaped from jail on Tuesday. The man had been described as “highly dangerous.” READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Travel
Giant tortoise found riding Munich rail
National
FCK CPS? A-OK with court
National
Germany's 'other genocide' in Africa
Politics
Opinion: Brexit's dangers for Germany
National
Minister shows off top Denglisch
Features
Off to Norway at 18 km/hour
National
Arms firms get a 'must do better' mark on ethics
Features
Smart kids all want to work for BMW
Sport
Bayern's anticlimactic 25th Bundesliga win
Gallery
German beer day: take the tour
Gallery
The smileys Germans love to text
National
Expats face Monday deadline to register to vote for UK election
Politics
A Greek learning politics in Germany
National
Germany's favourite baby names of 2014
National
Germany's 'very poor' lobbying record
Features
The battle of the "Gates of Berlin"
Politics
Merkel's 15 years at the top of German politics
National
VIDEO: Mario Draghi suffers anti-ECB confetti attack
Travel
Lowest of the low: how woman exploited Germanwings crash
Sport
Football and the €30,000 firework
Technology
Why scientists oppose killer robots
Features
Spice up asparagus season with The Local's serving suggestions
Technology
Electrifying 'Ostalgia'
National
Which city is Germany's worst for drivers?
National
Germanwings co-pilot 'searched suicide info'
National
'Cannibal cop' gets 8 years
Shutterstock
Sponsored Article
10 things you didn’t know about Zagreb (and why you should go)
National
Freed after 25 years on death row
National
Cologne Cathedral returns from space
Can the 'nightmare' of a pilot downing a plane be prevented?
Pupils mourn lost classmates
Sponsored Article
What expat parents should ask before choosing a school
National
LIVE: Co-pilot suspected of crashing plane
Is your workload 'out of control'? You're not alone...
Features
Paddy's Day, Berlin style
National
Why east Germans are happy to get it on on camera
National
What would you do with a 250-year-old pretzel?
Features
Just why is the German flag Schwarz, Rot, Gold?
Business & Money
Getting German workers and bosses thinking positive
National
Uplifting thoughts to get you through the last week of winter
National
Who wants the Olympics more - Hamburg or Berlin?
National
Last-minute drama of Germany's Eurovision 2015 entry
National
German photographer takes world's top prize
Features
Meet the woman getting Germans to drink more – and better – beer
Gallery
In pictures: Germany's seven most livable cities
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

7,156
jobs available
Toytown Germany
Germany's English-speaking crowd
?>