Archive for the ‘NEC’ Category

NEC Caught Placing Fake Orders To Subcontractors

June 3, 2007

“NEC is the latest company to enter the courtroom for questionable business practices. The Japanese electronics and computer manufacturer was probed earlier this year and was found placing fake orders to subcontractors. Worst yet for NEC, the probe revealed that it also received kickbacks from those subcontractors.The deep probe discovered ten employees guilty of placing the fake orders which ended up amounting to roughly $18 million USD. The kickbacks themselves added up to roughly $4.1 million USD. The 10 employees are from different divisions in NEC.”