Knaus Tabbert Fires Two Executives Over Corruption Allegations
The German recreational vehicle manufacturer dismisses top managers after bribery accusations, as investigations uncover suspected misconduct involving suppliers.
- Knaus Tabbert terminated two of its three board members, Werner Vaterl and Gerd Adamietzki, following allegations of accepting bribes from suppliers in exchange for favorable contract awards.
- The Landshut prosecutor's office conducted a large-scale investigation involving over 160 police officers, searching company offices across multiple German states and Switzerland.
- The accused executives are in custody, with prosecutors describing the case as a particularly severe form of bribery, involving sums exceeding €50,000.
- The company stated it is not under investigation but considers itself a victim of the alleged misconduct and plans to strengthen internal controls to prevent future issues.
- This development compounds existing challenges for Knaus Tabbert, which is already facing a significant sales slump, halting production at some facilities and revising its financial forecasts downward.
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