Bloomberg News

EnBW Questionable Payments to Russian Companies Expand, SZ Says

June 13, 2012

Questionable payments by EnBW Energie Baden-Wuerttemberg AG (EBK) to the Russian firm of Andrej Bykow are higher than previously known, Sueddeutsche Zeitung reported in a preview of an article to appear today, citing internal documents.

The amounts involved have risen to 300 million euros ($377 million) from 130 million euros, the newspaper reported.

And EnBW spokesman confirmed yesterday a contract volume of 280 million euros, the newspaper said. A layer for Bykow declined to comment, SZ reported.

To contact the reporter on this story: James Kraus in London at jkraus2@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net


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