By Paul Taylor in New York
Published: April 6 2004 17:04 | Last Updated: April 7 2004 0:28
“Lucent Technologies, the leading US telecommunications equipment manufacturer, has fired four senior employees in China after discovering potential violations of the Foreign Corrupt Practices Act which bans the payment of bribes overseas.
Lucent said it fired the president, chief operating officer, a marketing executive and a finance manager in its Chinese operations after discovering ‘internal control deficiencies’. The company did not name the four and would not go into the nature of the incidents.”
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