Kobe Steel Ltd, at the center of a data-falsification scandal that has shaken Japan’s manufacturing industry, admitted for the first time that executives were aware of the cheating, and reassigned three senior officials. Japan’s No. 3 steelmaker, which supplies the manufacturers of cars, planes and trains across
Kobe Steel Ltd, at the center of a data-falsification scandal that has shaken Japan’s manufacturing industry, admitted for the first time that executives were aware of the cheating, and reassigned three senior officials.
Japan’s No. 3 steelmaker, which supplies the manufacturers of cars, planes and trains across the world, has said about 500 customers had received products with falsified specifications, throwing global supply chains into turmoil.
Outside investigators appointed by Kobe to look into the malpractice have found that senior officials in the company’s copper and aluminium business knew of some of the cheating.
« Based on this information, as of today, we have reassigned these three executives, » the company said, adding it would decide on any punishment after the probe was completed.
