German railway company Deutsche Bahn, DB, is suspending operations in a number of countries with high levels of corruption.
Suddeutsche Zeitung reported on Tuesday that DB was withdrawing from Greece, Algeria, Libya, Rwanda and Thailand due to the corruption risk.
The decision of the German railway giant was explained with findings of the prosecuting authority in Frankfurt that that DB International, a subsidiary of DB, had been paying bribes in a number of countries to secure contracts for consultancy and planning for railway projects.
According to the German daily, DB International paid EUR 315 000 in bribes to Greek officials to secure contracts for the construction of a metro line.
The decision of the German railway giant was explained with findings of the prosecuting authority in Frankfurt that that DB International, a subsidiary of DB, had been paying bribes in a number of countries to secure contracts for consultancy and planning for railway projects.
According to the German daily, DB International paid EUR 315 000 in bribes to Greek officials to secure contracts for the construction of a metro line.