U.S. Ends Investigation into Kobe Steel's Data Tampering
Tokyo, July 17 (Jiji Press)--The U.S. Justice Department has ended its probe on Kobe Steel Ltd.'s <5406> quality data falsification for aluminum, copper and other products, the Japanese firm said Wednesday, indicating that it believes the U.S. authorities have dropped the case.
The move has eased fears of the company being held criminally liable and fined severely by U.S. authorities for the data tampering.
The U.S. department launched its investigation into the case right after it came to light in October 2017. A subpoena requiring the steelmaker to produce relevant documents had been issued.
But the department confirmed on Wednesday that it "does not require further production or preservation of documents" while giving no reason for the move, according to the company.
Based on the notice, Kobe Steel believes that the investigation "will not result in a further government enforcement action," the firm said.
[Copyright The Jiji Press, Ltd.]