German Company Under Investigation For Bribery In Turkish Submarine Deal
18 Feb 2016 Leave a comment
State Prosecutors of the city state Bremen have opened a second front in their case against Atlas Elektronik.
Authorities are investigating Atlas Elektronik a joint venture between ThyssenKrupp and Airbus since 2013, for possible kickbacks in the submarine business with Greece. Some irregularities came on with Turkish Reis class (Type 214) project according to the spokesperson of Bremen City Prosecutor’s Office.
It is suspected that the company may have bribed Turkish officials. On 16 February 2016, related business documents and data material was confiscated from the Headquarters of Atlas Electronic in Bremen.
on the premises safe.
The investigations in Greece revealed that bribes totaling €62 million paid for armament contracts between 2000 and 2007.
In Turkish Type 214 project Atlas Elektronik is responsible for delivering very critical and highly specialized combat management system ISUS-90/72 and active and passive sonars.
It is too early to say whether this new investigation will have any negative effects on delivery of Atlas Electronic supplied items.