FRANKFURT -- DaimlerChrysler's finance chief insisted on Wednesday he was satisfied with the group's accounting after an internal probe of bribery allegations prompted a $150.8 million, or 125 million euro charge.
"I am not concerned about the general quality (of accounting)," CFO Bodo Uebber told a results conference call when asked about the third-quarter charge. "We do our investigation and analysis here and if we do find any weaknesses we will go for the weaknesses."
Daimler had disclosed, along with its third-quarter results on Tuesday, that it had identified suspicious payments during the internal probe, which is running parallel to investigations by U.S. stock market regulators and criminal authorities.
The investigations by the Securities and Exchange Commission and U.S. Department of Justice began last year after a whistle-blower complaint filed by a former employee of the world's fifth-biggest carmaker.
"The company has identified certain accounts, transactions and payments that are the subject of special scrutiny and that have been disclosed to the SEC and the DOJ," DaimlerChrysler said in its quarterly financial report.
It said some transactions involved government entities but would give no details while its internal investigation continues. Uebber also declined to discuss the case.
The employee, whom Daimler has said was sacked for falsifying financial information, alleged the company kept secret bank accounts to bribe foreign government officials. Daimler has dismissed the accusation in the past as groundless.
The 125 million euro charge covered tax liabilities stemming from "misclassifications of rebates, commissions, compensation expenses and warranty costs", it said, adding more charges may be required as the probe continues.