Mar 24, 2010

In today's Read as section:

Car manufacturer Daimler AG will pay $185 million to settle a criminal investigation in which the company is accused of paying tens of millions of dollars in bribes to officials of at least 22 foreign governments..


Read as, "Car manufacturer Daimler AG will pay $185 million as compensation to the Justice Department & the Securities and Exchange Commission to appease them after pleading guilty on charges of not adopting a universally fair standard of bribing."

1 comments:

Asuri Sudarsanan March 24, 2010 at 2:18:00 PM EDT  

this perhaps is what Prof. Vaidyanathan would call - "punitive actions against Bribe-tax evasion" :P

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