IBM bribery case sparks SEC inquiry-WSJ

[cthrumatrix]

IBM bribery case sparks SEC inquiry-WSJ
1/6/2004 2:11:17 AM


NEW YORK, Jan 6 (Reuters) - International Business Machines Corp.'s (IBM) bribery case involving its South Korean unit has triggered inquiries by the Justice Department and the Securities and Exchange Commission, the Wall Street Journal said on Tuesday.

The paper, citing people familiar with the matter, said the U.S. inquiries were not formal investigations, but could signal a broadening of the Korean scandal.

On Monday, prosecutors said that some 48 South Korean government officials and corporate executives, mainly from IBM ventures, have been charged with bribery in a case relating to state contracts for computer parts and servers.

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http://cbs.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=2595&guid=%7BC742ACDE%2DC6F1%2D43E8%2DB592%2D6CCBA3AA2A4B%7D&symb=

[loudsue]

1. More corporate corruption.....

when will it ever end??

:kick: