Prosecutors to raid Kobe Steel for data tampering - media

TOKYO (Reuters) - Tokyo District Public Prosecutors Office and Tokyo Metropolitan Police Department are set to raid Kobe Steel Ltd's headquarters and production facilities in relation to its data tampering scandal, media reported on Thursday. Kobe Steel admitted in March its data fraud has been going on nearly five decades and also revealed new cases of cheating

Reuters May 31, 2018 07:05:05 IST
Prosecutors to raid Kobe Steel for data tampering - media

Prosecutors to raid Kobe Steel for data tampering  media

TOKYO (Reuters) -

Tokyo District Public Prosecutors Office and Tokyo Metropolitan Police Department are set to raid Kobe Steel Ltd's <5406.T> headquarters and production facilities in relation to its data tampering scandal, media reported on Thursday.

Kobe Steel admitted in March its data fraud has been going on nearly five decades and also revealed new cases of cheating. Japan's third-biggest steelmaker said its CEO will step down to take responsibility for the scandal that came to light last year.

A Kobe Steel spokesman said on Thursday the company had no comment beyond its admission in late April that it was under investigation by Japanese authorities over the data tampering. The company is also under investigation by the U.S. Justice Department.

A spokeswoman for the Prosecutors Office said it does not comment on its ongoing investigations in general.

The company's shares were down 0.6 percent by 0013 GMT, compared with a 0.5 percent gain in Nikkei share average <.N225>.

(Reporting by Osamu Tsukimori; editing by Richard Pullin)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

France, Germany to agree to NATO role against Islamic State - sources
| Reuters
World

France, Germany to agree to NATO role against Islamic State - sources | Reuters

By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States

China's Xi says navy should become world class
| Reuters
World

China's Xi says navy should become world class | Reuters

BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.