Shares of Net 1 UEPS Technologies (UEPS -60.7%) plunge on news the Department of Justice and FBI...

|About: Net 1 UEPS Technologies, Inc. (UEPS)|By:, SA News Editor

Shares of Net 1 UEPS Technologies (UEPS -60.7%) plunge on news the Department of Justice and FBI are investigating the company over possible bribes to the South African government in connection with a contract for social welfare and benefits payments. In an SEC filing, UEPS says the probe is tied to statements it made in its regulatory filings regarding the contract.