Reuters: U.S. probing firms in multiple industries over hiring


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.

Comments (1)
  • davidbdc
    , contributor
    Comments (3194) | Send Message
     
    Ha, you mean like hiring family and friends of Congress?????

     

    Like Chelsea Clinton sitting on a board at the ripe old age of 29?

     

    Like board appointments to retired congressmen that write favorable legislation?

     

    Like the countless 500K "jobs" give to wives, in-laws, kids, friends, uncles in the "think tank" and Lobbyist business? Or "non-profit".

     

    They learned it all right here in the USA!!!!
    27 Apr 2014, 07:59 PM Reply Like
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