The Channel logo

News

By | John Oates 21st September 2005 08:41

Korean regulator fines Samsung

Faking documents

South Korean regulators have fined electronics giant Samsung for obstucting investigators looking for evidence of price fixing and dodgy contracts with suppliers.

The Fair Trade Commission accused Samsung of working with a chip subsidiary Semes to forge or destroy relevant documents.

A spokesman for the FTC said: "Samsung Electronics has obstructed our investigation into unfair contracting practices with its subsidiary, Semes, by destroying or fabricating documents.", AFP reports. The regulator also accused Samsung of issuing secret guidelines for staff on how to handle investigators.

The company is also accused of deliberately crashing its internal computer network to slow down the work of investigators.

The fine is for 60m Korean Won, about $58,000.

More at the Korea Herald. ®

alert Send corrections

Opinion

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'