|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Oil & Energy (Click here for more)

US Asks Kobe Steel to Submit Documents about Data Fabrication

TOKYO Ė Japanís Kobe Steel has been requested by the Justice Department of the United States to hand over information regarding tainted products it sold to American businesses, the company said on Tuesday in a statement.

The statement said Kobe Steel and its American subsidiary will cooperate with the agency and added that the full impact of the data fabrication, that affected hundreds of companies around the world, is yet unclear.

Japanís third-biggest steelmaker has lost more than 40 percent of its stock-market value after it admitted on Oct. 7 to have manipulated the inspection certificates of its aluminum, copper, steel and iron products.

An internal company probe had revealed that data for at least 16 products, sold to around 500 companies, including foreign firms, might have been faked for over a decade.

US companies such as General Motors, Ford, Airbus and Boeing are conducting their own internal probes to ascertain if Kobe Steel supplied them any of the tainted products.

The irregularities included tampering with technical specifications to match requirements, falsification of labels and even skipping inspections, group chairman Hiroya Kawasaki had admitted in a press conference on Friday.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved