Foxconn Begins Bribery Investigation
Source: NYT
Foxconn Technology, the huge contract electronics manufacturer that makes the Apple iPhone and other popular products, said that it was investigating whether its employees had accepted bribes from supply-chain partners.
The company said last week that an internal investigation had uncovered possible wrongdoing in the supply chain and that those findings had been shared with the authorities in China.
The announcement is the latest setback for Foxconn, which produces a growing share of the world’s smartphones, laptop computers and other electronics.
“We can confirm that we are working with law enforcement officials whom we brought in to work with our own internal audit team as part of an investigation into allegations against a number of Foxconn employees related to illegal payments from supply chain partners,” Foxconn said in a statement e-mailed to the news media.
Read more: http://www.nytimes.com/2013/01/14/business/global/foxconn-begins-bribery-investigation.html
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