Kobe Steel Faces Japan Government Inquiry Over Data Scandal [The New York Times]
KOBE STEEL SPON ADR (KBSTY)
NASDAQ:AMEX Investor Relations:
kobelco.co.jp/english/ir
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Source: The New York Times
TOKYO — The Japanese authorities are investigating the data falsification scandal at Kobe Steel , the company said on Wednesday, potentially broadening an episode that has undermined the country’s reputation for high-quality manufacturing. Kobe Steel said in a statement that the company “is currently under investigation by the investigation authorities in Japan.” It said it would cooperate but declined to comment further. “Kobe Steel once again deeply apologizes for causing substantial trouble to all relevant parties,” it said. It did not specify which authority was investigating the company. But the statement came the same day as the Japanese news media reported that prosecutors in Tokyo had requested records related to the scandal. Kobe Steel’s shares fell 3.5 percent on Wednesday.
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