sexta-feira, 8 de abril de 2016

UK FRAUD OFFICE OPENS CRIMINAL INVESTIGATION INTO TATA STEEL

The UK Serious Fraud Office (SFO) confirmed Friday that it has opened a criminal investigation into Tata Steel, looking into activity that took place at the Specialty Steels unit in the UK. 

Tata Steel is headquartered in India, but earns nearly 70% of its revenue from foreign business operations. 

While the company is not commenting on the on-going investigation, reports allege that the inquiry surrounds alleged falsified documentsdealing with the composition of products sold to approximately 500 customers.

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