Tag Archives: scandal

Japanese metal manufacturer faked specifications to hundreds of companies

Holy moly! Kobe Steel, a major Japanese supplier of steel and other metals worldwide, has admitted that it faked the specifications to metals shipped to hundreds of companies over the past decade.

Last week, Kobe Steel admitted that staff fudged reports on the strength and durability of products requested by its clients—including those from the airline industry, cars, space rockets, and Japan’s bullet trains. The company estimated that four percent of aluminum and copper products shipped from September 2016 to August 2017 were falsely labelled, Automotive News reported.

But on Friday, the company’s CEO, Hiroya Kawasaki, revealed the scandal has impacted about 500 companies—doubling the initial count—and now includes steel products, too. The practice of falsely labeling data to meet customer’s specifications could date back more than 10 years, according to the Financial Times.

For rockets the concern is less serious as they generally are not built for a long lifespan, but for airplanes and cars this news could be devastating, requiring major rebuilds on many operating vehicles.

Share

Russia’s deputy prime minister today blasted the Russian space agency and one space contractor for the scandals and public backbiting involving both.

Soap opera: Russia’s deputy prime minister today blasted Vladimir Popovkin, the head the Russian space agency, and one space contractor for the scandals and public backbiting involving both.

The [contractor’s] accusations apparently come as a response to Popovkin’s comments on Monday. The official accused “space industry contractors” of disseminating false rumors about him because they were dissatisfied with his attempt to reform the industry. Popovkin was hospitalized earlier this month because of exhaustion caused by a hectic schedule and frequent jet lags, according to official statements. Some media reported it was due to injuries sustained in a brawl.

Share

A report tonight at the Daily Caller says that at least two Justice Department prosecutors accepted cash bribes from allegedly corrupt finance executives who were indicted but never arrested or prosecuted.

Oh my, how much worse can it get? A report tonight at the Daily Caller says that at least two Justice Department prosecutors accepted cash bribes from allegedly corrupt finance executives who were indicted but never arrested or prosecuted. Worse,

The sitting governor of the U.S. Virgin Islands, his attorney general and an unspecified number of Virgin Islands legislators also accepted bribes, the source said, adding that U.S. Attorney General Eric Holder is aware prosecutors and elected officials were bribed and otherwise compromised, but has not held anyone accountable.

I must point out that a certain skepticism is called for: This story is very vague about who, what, when, and where, and its sources are anonymous. Nonetheless, if true this might very well be the bombshell story that ends Eric Holder’s career. What it does to the Obama administration remains to be seen.

Share