FRANKFURT, Oct 10 (Reuters) - Man SE's supervisory board wants 'clarity' over the extent of the bribery scandal at the truck maker and has asked the CEO for a full briefing on December 11, German paper Sueddeutsche Zeitung said.
CEO Hakan Samuelsson will report to Man's chairman Ferdinand Piech at the next scheduled meeting of the supervisory board, the paper said, citing sources close to the supervisory board.
Bribes totaling a double digit million figure are said to have been paid to help aid sales of trucks and buses, the paper said. The commercial truck maker has been subject to a bribery investigation by Munich prosecutors since May.
An investigation to uncover the extent of the bribes involves about 70 lawyers and the research has cost up to 50 million euros, according to the report.
Charges are likely to be filed by the Munich prosecutor, but not against top managers currently in office, the paper said.
Separately, German weekly Der Spiegel, without citing sources, said that MAN had replaced 'almost the complete leadership' of its distribution staff for the German commercial vehicles division in response to the bribery case.
In addition half a dozen sales and distribution staff have been suspended in connection with the bribery probe, and are likely to be replaced, Der Spiegel said in an advance copy of its Monday edition.
A spokesperson for MAN could not be reached for comment.
(Reporting by Edward Taylor) Keywords: MAN/TRUCKS (edward.taylor@thomsonreuters.com; Reuters Messaging: edward.taylor.reuters.com@reuters.net; +49 69 7565 1249) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
CEO Hakan Samuelsson will report to Man's chairman Ferdinand Piech at the next scheduled meeting of the supervisory board, the paper said, citing sources close to the supervisory board.
Bribes totaling a double digit million figure are said to have been paid to help aid sales of trucks and buses, the paper said. The commercial truck maker has been subject to a bribery investigation by Munich prosecutors since May.
An investigation to uncover the extent of the bribes involves about 70 lawyers and the research has cost up to 50 million euros, according to the report.
Charges are likely to be filed by the Munich prosecutor, but not against top managers currently in office, the paper said.
Separately, German weekly Der Spiegel, without citing sources, said that MAN had replaced 'almost the complete leadership' of its distribution staff for the German commercial vehicles division in response to the bribery case.
In addition half a dozen sales and distribution staff have been suspended in connection with the bribery probe, and are likely to be replaced, Der Spiegel said in an advance copy of its Monday edition.
A spokesperson for MAN could not be reached for comment.
(Reporting by Edward Taylor) Keywords: MAN/TRUCKS (edward.taylor@thomsonreuters.com; Reuters Messaging: edward.taylor.reuters.com@reuters.net; +49 69 7565 1249) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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