Kobe Steel executives bow in apology as cheating scandal escalates
Reuters
Tokyo, JapanUpdated: Oct 13, 2017, 12:33 PM IST
Kobe Steel's CEO, Hiroya Kawasaki, speaking at a news conference after revelations about widespread corporate cheating. Photograph:(Reuters)
Crisis-hit Kobe Steel Ltd said on Friday (October 13) its steel division has also falsely labelled products, the latest in a string of revelations confirming widespread cheating at the firm that has engulfed its global customers.
CEO, Hiroya Kawasaki, said after bowing in apology at the news conference, said that the firm plans to compensate customers, but has not yet received any requests.
Kobe Steel's quality certification scandal widened as the company announced "inappropriate actions" related to data for nine additional products, including falsifying data or not carrying out required tests.
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The company, Japan's third-biggest steelmaker, said it had supplied affected products to about 500 companies in a scandal that has rippled through the global supply chain.
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