Exclusive: U.S. expanding corporate foreign bribery probes to include hiring
(Reuters) - U.S. government agencies that have been probing banks' hiring of children of powerful Chinese officials are expanding existing investigations in other industries across Asia to include hiring practices, four people familiar with the matter said.
The Justice Department and the Securities and Exchange Commission have been asking global companies in a range of industries including oil and gas, telecommunications and consumer products for information about their hiring practices to determine if they could amount to bribery, these people said.
On Wednesday, mobile chipmaker Qualcomm Inc said it could face a civil action from U.S. authorities over alleged bribery of officials associated with state-owned companies in China. It also said it found instances in which "special hiring consideration" was given to people associated with state-owned companies or agencies in China.
SNIP
Some of the new inquiries have zeroed in on hires in China, South Korea and southeast Asia, including Singapore, two of the people familiar with the probes said.
Hiring issues have become a focus in bribery probes as a matter of course, sources said. That reflects a change in the wake of the investigation into whether JPMorgan hired children of China's state-owned company executives with the express purpose of winning underwriting and other business, they added.
http://www.reuters.com/article/2014/04/25/us-usa-corruption-hiring-idUSBREA3O25Z20140425
Obama is bringing jobs back to the US...one at a time if he has to. lolz. I'm glad his administration is pursuing this but it won't endear him to any of the southeast Asian governments. It's a damned if you do, damned if you don't.
