Everything was meant to get better.
When Dutch engineering services company Imtech published its report to shareholders on June 18, 2013, detailing the extent of corruption in its Germany operations, it read like a break with the past and a pledge to to clean up its act.
From now on, Imtech promised, the company would provide total transparency. There would never be a repeat of the fraudulent business practices described in the report. Imtech would adhere to the highest ethical standards in future.
Imtech, which has since filed for insolvency, was a main contractor for Berlin’s scandal-plagued new international airport, which is years and billions of euros over budget.
“We will end this dark chapter and begin rebuilding the reputation of our company,” the executives wrote in their report.
Despite the promises, an Imtech subsidiary, Radio Holland, supplied products to Iran, Myanmar, Syria and Sudan in deals that may have broken U.N. arms embargoes.