Japanese prosecutors charged major steelmaker Kobe Steel Thursday with violating laws overseeing competition in a massive faking of product quality data. Kobe Steel, which has repeatedly apologized for the practice, said in a statement that it took the allegations seriously and was working to prevent a recurrence. "We once
Japanese prosecutors charged major steelmaker Kobe Steel Thursday with violating laws overseeing competition in a massive faking of product quality data.
Kobe Steel, which has repeatedly apologized for the practice, said in a statement that it took the allegations seriously and was working to prevent a recurrence.
„We once again deeply apologize,“ it said, without elaborating on specific charges. „The entire Kobe Steel Group is working together sincerely.“
The systematic misconduct for data presented for quality inspections spanned years, affecting products sent to more than 680 companies, including aluminum castings and copper tubes for autos, aircraft, appliances and trains.
The scandal, which surfaced last year, has set off a class-action lawsuit and an investigation in the U. S.
Kobe Steel has said a zealous pursuit of profits, unrealistic targets and an insular corporate culture were behind the scandal.
