• Germany's news in English
 
Price-fixing steel bosses 'entertained in brothels'
Photo: DPA

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
'Wrong but legal' claims child porn case ex-MP
Edathy preparing to face questions in Berlin Photo: DPA

'Wrong but legal' claims child porn case ex-MP

A former rising star of German politics who resigned after pictures of naked children were allegedly found on his official laptop said Thursday what he did was "wrong, but legal." READ  

This week in history
A Brandt name to relaunch a country
Willy Brandt being sworn into office in 1972 Photo: DPA

A Brandt name to relaunch a country

We know him as Willy Brandt - but that was just a pseudonym the former chancellor took to avoid the Nazis. READ  

10,000 evacuated after WWII bomb find
A similar bomb defused in Potsdam in September 2013. Photo: DPA

10,000 evacuated after WWII bomb find

Local authorities evacuated some 10,000 people from central Potsdam after an unexploded Second World War bomb was found on a building site. READ  

Sunny outlook for business this winter
Photo: DPA

Sunny outlook for business this winter

German business confidence rose in December on the back of falling oil prices and a weak euro, the Ifo economic institute said Thursday, as the prospects for Europe's biggest economy grew sunnier. READ  

Merkel says Russia sanctions 'unavoidable'
Photo: DPA

Merkel says Russia sanctions 'unavoidable'

German Chancellor Angela Merkel warned Thursday that sanctions against Russia remain "unavoidable" until Ukraine regains its sovereignty and independence. READ  

Reus fined €540k for no driving licence
Photo: DPA

Reus fined €540k for no driving licence

Germany and Dortmund football star Marco Reus was hit by a €540,000 fine Thursday, after state prosecutors in Dortmund confirmed he has been driving for years without a licence. READ  

British and German troops relive Xmas truce
Soldiers in World War One period uniforms watch the football match. Photo: DPA

British and German troops relive Xmas truce

Teams from the British and German armies played a friendly football game in Aldershot on Wednesday in memory of the Christmas truce of 1914. READ  

Germany hails Obama's 'courage' over Cuba
Former Cuban President Fidel Castro. Photo: DPA

Germany hails Obama's 'courage' over Cuba

Berlin has welcomed the thaw in US-Cuban relations partly brokered in secret by Pope Francis at the Vatican. READ  

American guilty of killing Hamburg student
Diren Dede's grieving parents outside the court in Missoula Photo: DPA

American guilty of killing Hamburg student

A US court has found a man who shot and killed 17-year old German exchange student Diren Dede guilty of deliberate homicide. READ  

Cabinet agrees road toll for foreigners from 2016
Photo: DPA

Cabinet agrees road toll for foreigners from 2016

After months of bickering among the coalition parties, the cabinet finally agreed to put a road toll for foreigners before parliament, but open questions about its financial viability and legality remain. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Sponsored Article
Why are these International Baccalaureate students cheering?
Germany's national football team lifts the World Cup trophy
Gallery
Germany's most-Googled words of 2014
National
Why has The Local got a new logo?
Photo: DPA
National
This German was abducted and tortured by the CIA
Culture
10 top tips for partying in Germany
Sponsored Article
Top ten gifts for an expat Christmas
Photo: DPA
Technology
What does the Chancellor see as the future of the internet?
Photo: DPA
Culture
Stuff your face with these festive German cookies
Photo: DPA
Culture
What do beer, breakfast cereal and dildos have in common?
Culture
The Local's guide to German Christmas markets
Sponsored Article
Top five quirky Christmas jumpers
Photo: DPA
Culture
Get ready for Christmas like a German. We tell you how.
Photo: DPA
Munich
She did what with her dead mother?
Photo: DPA
National
Germany still paying for crisis fall out
Photo: DPA
Culture
Saxon wurst is the worst, Christmas market declares.
Photo: DPA
Politics
Can 'sorry' ever be enough for the Linke?
Sponsored Article
Shop Christmas gifts at Debenhams international store
Photo: DPA
Berlin
The Local's series on 25 years since the fall of the Berlin Wall
Shutterstock
Sponsored Article
Offer: Unlimited airmiles through December 19th
Photo: DPA
Gallery
See how Berlin has changed in 22 photos
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
National
Share news tips with The Local Germany
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

3,166
jobs available
The Local Spain is hiring!
The Local is seeking a new editor for our site in Spain to join our growing team of internationally-minded, driven, ambitious and clued-up journalists.
Details and how to apply
Toytown Germany
Germany's English-speaking crowd