The U.S. Justice Department filed criminal charges against a unit of Panasonic on Monday, alleging the company falsified its financial books and records in order to conceal payments to sales agents in China and other parts of Asia.
The charges were filed against Panasonic Avionics, a subsidiary that designs in-flight entertainment systems, as part of a criminal information in the U.S. District Court for the District of Columbia.
In general, criminal information filings are used in cases where defendants are settling the charges. However, the court docket did not yet indicate if the case has been settled.
Link to the source of information: www.cnbc.com
Written by Admin
In this photo illustration an Amazon logo is displayed on a smartphone with stock market ...
The IRS has issued $10 billion in tax refunds on unemployment benefits. Here’s why another break is unlikely next year
Stefani Reynolds/Bloomberg via Getty ImagesThe IRS began issuing another 1.5 million tax refunds this week ...
A career fair in Louisville, Kentucky, on June 23, 2021.Luke Sharrett/Bloomberg via Getty ImagesUnemployment benefits ...