- Kobe Steel (OTCPK:KBSTF, OTCPK:KBSTY) says the U.S. Justice Department is asking for documents related to its data falsification scandal.
- The DoJ’s involvement means the company is “going to have to go overboard to be cleaner than clean,” says a director at Bucephalus Research Partnership.
- The news comes after a report alleging that Kobe Steel's data tampering went on for decades with the knowledge of plant and quality control managers, well beyond the 10 years already acknowledged by Japan's no. 3 steelmaker.
- Some of Japan's biggest automakers - including Toyota (NYSE:TM), Nissan (OTCPK:NSANF, OTCPK:NSANY) and Subaru (OTCPK:FUJHF, OTCPK:FUJHY) - have said they are investigating whether any car parts contain falsified materials from Kobe.