FraudNews
03-13-2017, 06:11 PM
http://www.fraud-news.com//t0.gstatic.com/images?q=tbn:ANd9GcQDCY8pjSCYgI5nBIAMFJwSFkUaSC_Hg EdxiXdyV9yts5DGVgQ-wThzksIyFVQ6l2d-mOSsVm4
Nasdaq (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEM5Oh9LIGBKI5dSBpK8Cc93N0u-g&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=u-DGWNiaM5TN3QG5z5KgBQ&url=http://www.nasdaq.com/article/fraud-at-abb-trims-profit-as-auditor-says-firm-failed-to-maintain-controls-20170313-00062)
ABB Says Lax Controls Played Part in Multimillion-Dollar Fraud in South Korea (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEsStNoeH_WwokjT6-hyrKJQGtSLA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=u-DGWNiaM5TN3QG5z5KgBQ&url=https://www.wsj.com/articles/abb-cuts-expected-impact-from-south-korea-embezzlement-by-30-million-1489388768)
Wall Street Journal (subscription)
ZURICH—ABB Ltd. said lax controls played a part in the fraud and embezzlement at its South Korean unit, costing the Swiss company an estimated $73 million in lost pretax profit—or some $30 million less than first signaled. ABB “failed to provide ...
Swiss engineer ABB admits to failings over South Korean fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEgrCAyKm7T1xC6ycCgXDt6_Ee1vQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=u-DGWNiaM5TN3QG5z5KgBQ&url=https://www.ft.com/content/a2987297-57d6-3bc3-b11d-5fdcfc778a0e)Financial Times
UPDATE 1-Fraud at ABB trims profit amid failure of internal oversight ... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEEGTByGABbYqJlTwYYw9KcT2m1wA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=u-DGWNiaM5TN3QG5z5KgBQ&url=http://uk.reuters.com/article/abb-fraud-idUKL5N1GQ16C)Reuters UK
Fraud at ABB trims profit as auditor says firm failed to maintain ... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEM5Oh9LIGBKI5dSBpK8Cc93N0u-g&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=u-DGWNiaM5TN3QG5z5KgBQ&url=http://www.nasdaq.com/article/fraud-at-abb-trims-profit-as-auditor-says-firm-failed-to-maintain-controls-20170313-00062)Nasdaq
TheStreet.com (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEZH20gerjnKT7Y40lPJ_UmajLyfw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=u-DGWNiaM5TN3QG5z5KgBQ&url=https://www.thestreet.com/story/14039358/1/abb-cuts-2016-profit-estimate-following-fraud-investigation.html)
all 8 news articles » (http://news.google.co.za/news/more?ncl=dqEyJM29CckQ8-MYNhn5IEgBiCAvM&authuser=0&ned=en_za)
More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEsStNoeH_WwokjT6-hyrKJQGtSLA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=u-DGWNiaM5TN3QG5z5KgBQ&url=https://www.wsj.com/articles/abb-cuts-expected-impact-from-south-korea-embezzlement-by-30-million-1489388768)
Nasdaq (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEM5Oh9LIGBKI5dSBpK8Cc93N0u-g&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=u-DGWNiaM5TN3QG5z5KgBQ&url=http://www.nasdaq.com/article/fraud-at-abb-trims-profit-as-auditor-says-firm-failed-to-maintain-controls-20170313-00062)
ABB Says Lax Controls Played Part in Multimillion-Dollar Fraud in South Korea (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEsStNoeH_WwokjT6-hyrKJQGtSLA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=u-DGWNiaM5TN3QG5z5KgBQ&url=https://www.wsj.com/articles/abb-cuts-expected-impact-from-south-korea-embezzlement-by-30-million-1489388768)
Wall Street Journal (subscription)
ZURICH—ABB Ltd. said lax controls played a part in the fraud and embezzlement at its South Korean unit, costing the Swiss company an estimated $73 million in lost pretax profit—or some $30 million less than first signaled. ABB “failed to provide ...
Swiss engineer ABB admits to failings over South Korean fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEgrCAyKm7T1xC6ycCgXDt6_Ee1vQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=u-DGWNiaM5TN3QG5z5KgBQ&url=https://www.ft.com/content/a2987297-57d6-3bc3-b11d-5fdcfc778a0e)Financial Times
UPDATE 1-Fraud at ABB trims profit amid failure of internal oversight ... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEEGTByGABbYqJlTwYYw9KcT2m1wA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=u-DGWNiaM5TN3QG5z5KgBQ&url=http://uk.reuters.com/article/abb-fraud-idUKL5N1GQ16C)Reuters UK
Fraud at ABB trims profit as auditor says firm failed to maintain ... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEM5Oh9LIGBKI5dSBpK8Cc93N0u-g&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=u-DGWNiaM5TN3QG5z5KgBQ&url=http://www.nasdaq.com/article/fraud-at-abb-trims-profit-as-auditor-says-firm-failed-to-maintain-controls-20170313-00062)Nasdaq
TheStreet.com (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEZH20gerjnKT7Y40lPJ_UmajLyfw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=u-DGWNiaM5TN3QG5z5KgBQ&url=https://www.thestreet.com/story/14039358/1/abb-cuts-2016-profit-estimate-following-fraud-investigation.html)
all 8 news articles » (http://news.google.co.za/news/more?ncl=dqEyJM29CckQ8-MYNhn5IEgBiCAvM&authuser=0&ned=en_za)
More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEsStNoeH_WwokjT6-hyrKJQGtSLA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=u-DGWNiaM5TN3QG5z5KgBQ&url=https://www.wsj.com/articles/abb-cuts-expected-impact-from-south-korea-embezzlement-by-30-million-1489388768)