Germany plans to tighten anti-corruption law – report

BERLIN (AFX) – The German justice ministry is preparing a draft law to reinforce anti-corruption legislation after scandals in businesses such as Volkswagen AG and Siemens AG, Der Spiegel said in a reported to be published tomorrow.

The draft law, which needs to be adopted by ministers before the end of the first quarter, would allow German authorities to pursue employees of foreign and international organisations and administrations under certain conditions, Der Spiegel said.

For example, European public sector employees could be pursued if they were involved in corrupt activity in Germany or if they had German nationality when the corruption took place, the weekly magazine reported.

The government also wants to increase public prosecutors’ powers to pursue corrupt behaviour, the report said, adding that the draft law would enable Germany to conform to several international treaties.

newsdesk@afxnews.com

afp/jfb/cml

COPYRIGHT

Copyright AFX News Limited 2006. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited

  • bitcoinBitcoin (BTC) $ 79,792.00 4.34%
  • ethereumEthereum (ETH) $ 3,205.10 5.13%
  • tetherTether (USDT) $ 1.00 0%
  • solanaSolana (SOL) $ 206.41 3.01%
  • bnbBNB (BNB) $ 638.42 2.18%
  • usd-coinUSDC (USDC) $ 0.999936 0.01%
  • xrpXRP (XRP) $ 0.606757 10.55%
  • staked-etherLido Staked Ether (STETH) $ 3,204.15 5.18%
  • cardanoCardano (ADA) $ 0.615128 39.33%
  • tronTRON (TRX) $ 0.166109 3.51%
  • the-open-networkToncoin (TON) $ 5.44 3.9%
  • avalanche-2Avalanche (AVAX) $ 32.57 12.14%