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Court fines Kobe Steel JPY 100 million over data fabrication

Steel News - Published on Thu, 14 Mar 2019

Image Source: mainichi.jp
Mainichi reported that a Japanese court has ordered Kobe Steel Ltd to pay a JPY 100 million (USD 898,000) fine for fabricating product quality data at its domestic plants. The Tachikawa Summary Court in Tokyo found that three plants of the major steelmaker had sent about 300 falsified product certificates to clients over a year through September 2017 even though the products failed to meet clients' specifications. Kobe Steel was accused of violating the law preventing unfair competition by fabricating product quality data.

The fine was in line with the amount sought by prosecutors, who claimed during the trial that Kobe Steel "damaged the credibility of made-in-Japan products" by continuing the malpractice for more than 40 years.

The steelmaker's defense team had sought a lenient ruling, arguing the company did not intend to secure improper financial gains through the practice.

Source :

Posted By : Rabi Wangkhem on Thu, 14 Mar 2019
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