What is in your supply chain? The Man From FCPA has asked that question previously and now asks you to consider it again with the recent revelations that Mitsubishi Materials knew for months one of its subsidiaries was “tampering with quality information on airplane, car, and power-plant parts but continued to ship the products, including possibly to the U.S.” Unfortunately, this is yet another in the latest of fraud scandals involving Japanese industries where they misrepresented quality standard of products. Worse, the company discovered the problem in February, did not open an internal investigation until May, and then allowed the illegal practices to continue until at least late October 2017.
