Jones Lang LaSalle Terminates European Executives
The head of Jones Lang LaSalle’s German operations has resigned, and two other JLL executives have been fired in connection with a criminal investigation.
Latest News
Most Popular Articles
advertisement
The two executives, who were terminated earlier this month, were part of the project management team based in Germany, according to a company statement. The executives are being investigated by the German public prosecutor for taking bribes from contractors in connection with office projects in Frankfurt and Munich, The Wall Street Journal reported.
No allegations have been made against Jones Lang LaSalle as a firm, emphasized company officials.
In a prepared release issued today (Wednesday, Nov. 26), Jones Lang LaSalle announced that Robert Orr, Jones Lang LaSalle's European CEO, has assumed management responsibilities for the firm's German office.
"Jones Lang LaSalle is cooperating fully with the ongoing investigation by the German Public Prosecutor's Office. The firm also has aggressively commenced its own internal investigation." the statement read. "The firm remains wholly committed to upholding the highest standards of integrity in its business practices around the world."
Want to use this article? Click here for options!
© 2010 Penton Media Inc.
Acceptable Use Policy blog comments powered by Disqus
Quick Poll
advertisement
NREI Interactive Products
-
Podcast
Commercial Real Estate: Hey, Save a Piece of Stimulus Pie for Me!
Following a year that saw the near meltdown of the banking system, 2010 could shape up to be a better year for investors, though perhaps not as robust as some would wish.
-
Podcast
Is the Recession Over?
Rick Mattoon, senior economist with the Federal Reserve Bank of Chicago, shares the latest numbers from the Fed's National Activity Index that show the economy is experiencing a fairly sharp rebound from the bottom of the Great Recession.
Webinars
2010: The Year of the Sale - Leaseback
This webinar provides brokers, bankers, developers, CFOs and real estate executives with a blueprint for accessing the many facets of the sale-leaseback model.
Current Issue
Marketplace Ads
advertisement
advertisement
advertisement
advertisement



