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20 May 2011 Last updated at 11:49
One of the world's biggest insurance companies organised an orgy with prostitutes for its top salesmen at a Hungarian spa.
Ergo, a division of German firm Munich Re, has confirmed that this happened in 2007.
Gerhard Schneibel, journalist for the media organisation Deutsche Welle, told BBC Radio 5 live: "There was plenty of alcohol and 20 prostitutes there."
"They had colour-coded arm-bands, apparently," Schneibel explained to 5 live Breakfast.
"One was for regular hostesses, the other was for prostitutes, and the white ribbon was for prostitutes reserved for top management."
One of the world's biggest insurance companies organised an orgy with prostitutes for its top salesmen at a Hungarian spa.
Ergo, a division of German firm Munich Re, has confirmed that this happened in 2007.
Gerhard Schneibel, journalist for the media organisation Deutsche Welle, told BBC Radio 5 live: "There was plenty of alcohol and 20 prostitutes there."
"They had colour-coded arm-bands, apparently," Schneibel explained to 5 live Breakfast.
"One was for regular hostesses, the other was for prostitutes, and the white ribbon was for prostitutes reserved for top management."
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