Prosecutors in Munich have charged a former senior employee of BMW with corruption and of having defrauded the German car maker of millions of euros, a court spokesperson said on Wednesday.
The man was charged with 18 counts of commercial corruption and 33 counts of breach of trust at the expense of the car maker, a court spokesperson said, confirming a report in German magazine WirtschaftsWoche.
A spokesperson for BMW said the company could not comment on an ongoing case.
According to the Munich court, damages to BMW amounted to €2.7-million ($3.06-million).
The former employee allegedly received €2.4-million in kickbacks between 2007 and 2015 in exchange for awarding consulting contracts.
In total, five people have been charged, including the managing director of a now-insolvent consulting firm who is accused of bribery, and aiding and abetting embezzlement.
A court spokesperson said all five deny the charges.
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.