Tax investigators have found that employees at Japanese electronics maker
fake orders and took kickbacks, bringing further bad news for a company
already mired in accounting problems and facing a possible delisting from
In a statement NEC said an investigation by the Tokyo Regional Taxation
Bureau had found 10 employees from five divisions within the company had been
involved in placing fake orders to subcontractors and receiving kickbacks from
The fake orders amounted to 2.2 billion yen (?9m).
NEC said the discovery of kickbacks would not affect earnings and that it was
looking at seeking compensation and starting criminal proceedings against the
The company is currently restating earnings for the year ended March 2006 for
submission to the SEC
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