Ad-hoc: Rheinmetall’s Bremen subsidiary accepts imposition of fine
Rheinmetall Defence Electronics GmbH (RDE), a Bremen-based subsidiary of Rheinmetall AG, agreed to pay a fine requested by the senior prosecutor in Bremen. The decision comes in the wake of a meeting of the Executive and the Supervisory Board of Rheinmetall AG. This brings to an end an investigation relating to the allegation that unauthorized payments were made during arms deals in Greece by a representative of the company in that country. During the investigation, RDE was accused of failing to detect and prevent suspicious payments to sales partners due to inadequate internal controls. The total fine amounts to € 37.07 million. The portion of this amount allocated to the confiscation of profits, which can be applied towards tax, comes to € 36.77 million.
Rheinmetall AGDr. Philipp von Brandenstein
Head of Corporate Communications
Rheinmetall Platz 1
Phone: +49 211 473-01
Fax: +49 211 473-4158