One of the world's biggest insurance companies organised an orgy with prostitutes for its top salesmen at a Hungarian spa.
Munich Re is the world's biggest re-insurer - in other words, the company acts as an insurance company for other insurance companies.
One of its divisions, Ergo, told the BBC that the party had taken place to reward salesmen in 2007.
A spokesman said the people who organised it had since left.
The gathering was held at a thermal baths in the Hungarian capital Budapest as a reward to particularly successful salesmen.
'Whatever they liked'
There were about 100 guests and 20 prostitutes were hired.
A German business newspaper said the prostitutes had worn colour-coded arm-bands designating their availability, and the women had their arms stamped after each service rendered.
According to Handelsblatt, quoting an unnamed participant, guests were able to take the women to four-poster beds at the spa "and do whatever they liked".
"After each such encounter the women were stamped on the lower arm in order to keep track of how often each woman was frequented," the paper quoted the man as saying.
"The women wore red and yellow wrist bands. One lot were hostesses, the others would fulfil your every wish.
"There were also women with white wrist bands. They were reserved for board members and the very best sales reps."
