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View Full Version : ABB Uncovers $100 Million Korean Fraud as Suspect Goes Missing - Bloomberg



FraudNews
02-22-2017, 09:41 AM
http://www.fraud-news.com//t1.gstatic.com/images?q=tbn:ANd9GcQ-NHBiNfnKRvNc8ZwS1_S2IZvh5TYqCTAMBH-E1TmbHtZbXRCx3taH3aMaXVNajxfsw3gnwjEm
Bloomberg (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNFK9Z4t6yQVASarNHHDsf6TFonZlA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779393611713&ei=5mqtWOi_F4-S3AHdtoD4Aw&url=https://www.bloomberg.com/news/articles/2017-02-22/abb-uncovers-100-million-korean-fraud-as-suspect-goes-missing)


ABB Uncovers $100 Million Korean Fraud as Suspect Goes Missing (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNFK9Z4t6yQVASarNHHDsf6TFonZlA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779393611713&ei=5mqtWOi_F4-S3AHdtoD4Aw&url=https://www.bloomberg.com/news/articles/2017-02-22/abb-uncovers-100-million-korean-fraud-as-suspect-goes-missing)
Bloomberg
ABB Ltd. said it has uncovered a “sophisticated” case of fraud at a subsidiary in South Korea that will cut last year's results by an estimated $100 million. The local treasurer, who went missing Feb. 7, is suspected of forging documents and colluding ...
ABB says to take $100 million charge due to fraud at South Korean unit (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEIqwhu_ou3xT24gyWPbH_S9YJPsg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779393611713&ei=5mqtWOi_F4-S3AHdtoD4Aw&url=http://uk.reuters.com/article/uk-abb-fraud-idUKKBN1610HF)Reuters UK
UPDATE 1-ABB says to take $100 mln charge due to fraud at S.Korean unit (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHaVNT1NzRNbmOkUi49xFmnWQ0oaw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779393611713&ei=5mqtWOi_F4-S3AHdtoD4Aw&url=http://www.nasdaq.com/article/update-1abb-says-to-take-100-mln-charge-due-to-fraud-at-skorean-unit-20170222-00133)Nasdaq

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