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US Ends Investigation into Kobe Steel's Data Tampering

Steel News - Published on Fri, 19 Jul 2019

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US Justice Department has ended its probe on Kobe Steel Ltd's quality data falsification for aluminum, copper and other products, indicating that it believes the US authorities have dropped the case. Kobe Steel said “As announced in the The receipt of a request for document production from the U.S. judicial administrative authority dated October 16, 2017, Kobe Steel USA Inc, a US subsidiary of Kobe Steel Ltd, received a document from the US judicial administrative authority requesting the production of documents related to non-conformity with the specifications of products sold by Kobe Steel, the U.S. subsidiary or our affiliated companies to US customers in connection with the misconduct we had disclosed on October 8, 2017. The Kobe Steel Group has endeavored to cooperate sincerely with the US Department of Justice investigation, including by preserving documents and providing information.”

It said “The US Department of Justice confirmed that it does not require further production or preservation of documents pursuant to the subpoena. Based on this information, it is the understanding of Kobe Steel that the above-referenced investigation is no longer active. Kobe Steel thus anticipates the above-referenced investigation will not result in a further government enforcement action. But the department confirmed on Wednesday that it does not require further production or preservation of documents while giving no reason for the move, according to the company.”

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Posted By : Ratan Singh on Fri, 19 Jul 2019
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