MANHASSET, N.Y. A German prosecutor said the president of Swiss BF Consulting AG was arrested in the investigation into bribery allegations involving two former workers for Infineon Technologies AG and its sponsorship of motor sports, according to an Associated Press report.
Anton Winkler, a prosecutor in Munich, was quoted as saying said he asked Swiss police to arrest Ralf-Udo Schneider in August on charges of helping to bribe motor sports operators and others seeking to get Infineon's sponsorship.
Winkler reportedly said that he now seeking to extradite Schneider, who was taken into custody on Aug. 23.
Infineon itself is not being investigated and has assisted prosecutors, the report said.
Schneider helped the Munich-based chipmaker sponsor several motor sports racing events and was accused of making payments to Andreas von Zitzewitz and Harald Eggers, both former Infineon executives.
Von Zitzewitz resigned
in July after prosecutors said they were examining payments by BF to him and Eggers from 2002 to 2004. Neither von Zitzewitz or Eggers have commented on the claims, and Infineon has denied knowledge of the alleged bribes according to the report.
The resignation of Von Zitzewitz, who headed Infineon’s Memory Products Business Group, prompted a reorganization
of senior management, with Kin Wah Loh becoming head of the memory business.
Munich prosecutors were quoted as saying von Zitzewitz allegedly received bribes of 259,000 euros ($318,130) while Eggers allegedly received 50,000 euros ($61,415).