BREAKING NEWS

Germany's Thyssenkrupp finds no signs of corruption in Israel deal

By REUTERS

JULY 18, 2017 17:05

DUESSELDORF/BERLIN - German industrial group Thyssenkrupp (TKAG.DE) has not found any evidence of corruption in its handling of a $2 billion contract to sell submarines and naval patrol craft to Israel, it said in a statement on Tuesday.

The 2016 deal has been under public scrutiny since it emerged that Israeli Prime Minister Benjamin Netanyahu's personal lawyer also represented the local agent of ThyssenKrupp Marine Systems, which was set to build the vessels.

Thyssenkrupp said its internal probe of the matter was over for now. It said it was limited by not being allowed to conduct its own investigation in Israel and not having the powers that prosecutors or police have.

"Based on the investigative measures we were able to carry out, we found no concrete indications of corruption – neither with regard to submarine projects, nor in connection with the procurement of corvettes," it said.

"However, these investigation results are explicitly provisional," it added.

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