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.
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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.