Monday, May 28, 2007

UPDATE 1-Red faces at Japan's NEC over illegal trades

(Reuters) - NEC said in a statement on Tuesday that an investigation by
the Tokyo Regional Taxation Bureau had found 10 employees from
five divisions within the company had been involved in placing
fake orders to subcontractors and receiving kickbacks from them.




The fake orders were worth some 2.2 billion yen and the kickbacks amounted to around 500 million yen, it
said.


Read more at Reuters.com Government Filings News

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