Infineon's boss resigns over corruption investigation

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Infineon's boss resigns over corruption investigation

Antony Savvas

The head of Infineon’s memory chip business has resigned from the German company’s board amid allegations that he accepted bribes to push corporate sponsorship of motor racing events.

Infineon’s Andreas von Zitzewitz resigned last weekend after prosecutors raided the company's offices and the homes of senior executives last Friday.

Zitzewitz had been the head of the loss-making memory chip business since the beginning of the year. 

Infineon said Zitzewitz is under investigation by prosecutors and that he had resigned to concentrate on an expected court case.


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