- The SEC and Department of Justice have expanded existing inquiries of potential bribery in Asia to include hiring practices, Reuters reports, with authorities questioning companies in several industries, including oil and gas, telecommunications and consumer products.
- The investigators are particularly focusing on China, South Korea and southeast Asia, including Singapore.
- However, it's not clear which firms are involved, nor how many. On Wednesday, Qualcomm said it found cases in which "special hiring consideration" was given to candidates with connections to state-owned companies or agencies in China.
- Until now, the main focus of the recruitment probes has been banks, and JPMorgan has attracted the most attention over allegations that it hired the relatives of top officials in order to win deals.