FraudNews
03-14-2017, 06:15 AM
http://www.fraud-news.com//t1.gstatic.com/images?q=tbn:ANd9GcREfEoivv1L5GM6T7uJuPFJhEq2kDHSP cZQMm5hwwqQqSwz1oSmSfDvVGK1oLL1GmlH51rEfLsz
Financial Times (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEIPiycvlESvbtK8NBPPmdj2v2N8Q&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=dYrHWIjKHoaO3AGnj4bgDg&url=https://www.ft.com/content/07f75ebe-07ee-11e7-ac5a-903b21361b43)
ABB admits failings over fraud at South Korean subsidiary (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEIPiycvlESvbtK8NBPPmdj2v2N8Q&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=dYrHWIjKHoaO3AGnj4bgDg&url=https://www.ft.com/content/07f75ebe-07ee-11e7-ac5a-903b21361b43)
Financial Times
The financial impact of South Korean fraud was “not really that big, but for ABB's reputation it is unfortunate. It raises questions about controls and possible additional future costs,” said Takis Spiliopoulos, analyst at Vontobel. Last October, ABB ...
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=dYrHWIjKHoaO3AGnj4bgDg&url=https://www.wsj.com/articles/abb-cuts-expected-impact-from-south-korea-embezzlement-by-30-million-1489388768)Wall Street Journal (subscription)
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=dYrHWIjKHoaO3AGnj4bgDg&url=http://uk.reuters.com/article/abb-fraud-idUKL5N1GQ16C)Reuters UK
all 8 news articles » (http://news.google.co.za/news/more?ncl=dBASycSjvQircMMqEyJM29CckQ8-M&authuser=0&ned=en_za)
More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEIPiycvlESvbtK8NBPPmdj2v2N8Q&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=dYrHWIjKHoaO3AGnj4bgDg&url=https://www.ft.com/content/07f75ebe-07ee-11e7-ac5a-903b21361b43)
Financial Times (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEIPiycvlESvbtK8NBPPmdj2v2N8Q&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=dYrHWIjKHoaO3AGnj4bgDg&url=https://www.ft.com/content/07f75ebe-07ee-11e7-ac5a-903b21361b43)
ABB admits failings over fraud at South Korean subsidiary (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEIPiycvlESvbtK8NBPPmdj2v2N8Q&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=dYrHWIjKHoaO3AGnj4bgDg&url=https://www.ft.com/content/07f75ebe-07ee-11e7-ac5a-903b21361b43)
Financial Times
The financial impact of South Korean fraud was “not really that big, but for ABB's reputation it is unfortunate. It raises questions about controls and possible additional future costs,” said Takis Spiliopoulos, analyst at Vontobel. Last October, ABB ...
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=dYrHWIjKHoaO3AGnj4bgDg&url=https://www.wsj.com/articles/abb-cuts-expected-impact-from-south-korea-embezzlement-by-30-million-1489388768)Wall Street Journal (subscription)
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=dYrHWIjKHoaO3AGnj4bgDg&url=http://uk.reuters.com/article/abb-fraud-idUKL5N1GQ16C)Reuters UK
all 8 news articles » (http://news.google.co.za/news/more?ncl=dBASycSjvQircMMqEyJM29CckQ8-M&authuser=0&ned=en_za)
More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEIPiycvlESvbtK8NBPPmdj2v2N8Q&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779419189099&ei=dYrHWIjKHoaO3AGnj4bgDg&url=https://www.ft.com/content/07f75ebe-07ee-11e7-ac5a-903b21361b43)