BusinessCompany NewsIMI investigates bribery allegations in US

IMI investigates bribery allegations in US

Several employees suspended as accountants called in

Forensic accountants, the US Department of
Justice
and the UK’s Serious Organised Crime Agency
have been called into investigate ‘possible irregular payments’ at a US division
of engineering group IMI.

The accountants are to conduct an independent investigation to those carried
out by the government bodies.

In the meant time, IMI has suspended several employees.

Inquiries will centre on trading contracts entered into by the company’s
Severe Service business, which supplies valves to industries ranging from
petrochemicals to nuclear power.

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