U.S. News

Deutsche Telekom CEO Probed in Bribery Inquiry

Associated Press

Deutsche Telekom AG says its chief executive is one of eight people under investigation in a probe of suspected bribery in Macedonia and Montenegro.

Deutsche Telekom

The company said Tuesday night that CEO Rene Obermann rejects the accusations and that it doesn't tolerate corruption in any area.

Deutsche Telekom says Bonn prosecutors launched its investigation following a request for legal assistance by U.S. authorities.

Telekom says the allegations against Obermann are linked to a meeting with the head of Makedonski Telekom in 2005, in which a dividend payment was allegedly made contingent on the further opening of Macedonia's telecoms market.

It said that Obermann had supported the U.S. investigation over the past four years and at no point was he under any suspicion.