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German justice minister plans tougher sanctions for corporate misconduct

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BERLIN (Reuters) – German Justice Minister Christine Lambrecht is planning harsher sanctions against corporate misconduct, the centre-left politician said on Thursday, with possible fines of up to 10% of a company’s annual revenues.

Lambrecht added prosecutors should be obliged by law to investigate companies rather than having the right of choice.

(Reporting by Christian Kraemer; Writing by Thomas Seythal; Editing by Tassilo Hummel)

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