Reuters: Technology News: Panasonic unit in U.S. bribery investigation: WSJ

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Panasonic unit in U.S. bribery investigation: WSJ Apr 1st 2013, 01:28 Tweet Share this Email Print Related News Microsoft backs review of foreign bribery allegations Tue, Mar 19 2013 BHP Billiton faces corruption probe over Beijing Olympics Wed, Mar 13 2013 UPDATE 3-BHP Billiton faces corruption probe, Beijing Olympics in focus Wed, Mar 13 2013 Analysis & Opinion A free press without total freedom Related Topics Investing and Taxes Simplified » Tech » Aerospace & Defense » A logo of Panasonic Corp is pictured at its showroom in Tokyo November 1,2012. Credit: Reuters/Yuriko Nakao NEW YORK | Sun Mar 31, 2013 9:28pm EDT NEW YORK (Reuters) - A unit of Japan's Panasonic Corp is under investigation by U.S. authorities looking at whether the company paid bribes overseas to airline employees or government officials to help land business, the Wall Street Journal reported. Citing company documents, the Journal said Panasonic Avionics had received a subpoena looking for communications between Panasonic Avionics, consultants and others. The subpoena also asked for documents related to payments to the airline employees and government officials, the newspaper said. The Panasonic unit, which is headquartered in Lake Forest, California, makes in-flight entertainment and communications systems. According to the Journal, notices were sent to executives and employees in Asia, Europe and the Middle East. The Journal said it was not clear which U.S. agency is investigating the unit. But the U.S. Foreign Corrupt Practices Act is enforced by the U.S. Department of Justice and the Securities and Exchange Commission. A Panasonic Avionics spokesman told Reuters that the company does not comment on government investigations. The SEC and the Justice Department could not immediately be reached for comment. (Reporting By Michael Erman; Editing by Chris Gallagher) Investing and Taxes Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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