Linde AG, the German industrial gases company, has agreed to pay €35 million to the state of Bavaria. The compensation, it is reported, is to resolve corruption allegations which relate to the economic advantage that was gained from the unlawful conduct of outside parties and, do not relate directly to Linde AG. It is believed that some of the charges relate to incidents that took place more than five years ago.

The company has reportedly been conducting an internal investigation in relation to joint projects with companies that were suspected of corruption, such as a division of Man AG, which agreed to pay approximately €150 million to the authorities in 2009 to settle a bribery probe.