In August, the Wall Street Journal reported that NCR managers complained about a Dutch in-house lawyer who opposed sales practices that might have violated the FCPA and eventually replaced him with a Chinese lawyer.
Now NCR has responded, questioning the motives of the source behind the WSJ’s report and the accuracy of the complaints.
Here’s NCR’s FCPA investigation disclosure from its Form 8-K filed with the SEC on September 7:
On August 14, 2012 we disclosed in a Current Report on Form 8-K that we had received anonymous allegations from a purported whistleblower regarding certain aspects of the Company’s business practices in China, the Middle East and Africa, including allegations which, if true, might constitute violations of the Foreign Corrupt Practices Act. We have certain concerns about the motivation of the purported whistleblower and the accuracy of the allegations we received, some of which appear to be untrue. We take all allegations of this sort seriously and promptly retained experienced outside counsel and began an internal investigation that is ongoing. We do not comment on ongoing internal investigations.
Research courtesy of ethiXbase.