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US Probes Panasonic Unit For Alleged Bribery Violations (bloomberg.com)
A Panasonic inflight entertainment and communications systems subsidiary is under investigation by U.S. authorities for allegedly breaking bribery and securities laws. From a report: Panasonic Avionics Corp. is being probed by the U.S. Department of Justice and Securities and Securities Exchange Commission for violating the Foreign Corrupt Practices Act, the Osaka-based company said in a statement Thursday. Panasonic said it's cooperating with the agencies, and evaluating the potential financial impact of the probe. The announcement of the probe mars an otherwise positive earnings release for Panasonic, which raised its full-year profit and revenue forecasts. The subsidiary is part of a corporate division that also makes mobile phones, projectors and surveillance cameras with a total of 33,000 employees. The segment had $6.7 billion in sales in the nine months ended Dec. 31, or 14 percent of total revenue.
FFS, how can you enforce bribery laws, when you won't even enforce them for the squatter in the Whitehouse?
Or have we forgotten, that all the pipelines of money still flow into his company and he's neither sold it nor divested any of the foreign income businesses? He has however started renaming rooms in each hotel, as "The President Suite", presumably planning to sleep there to justify the name?
And then there's the barter. He got to power by a Russian cyber attack, and now he refuses to sign the cyber security bill. He won't even defend the USA from Russian cyber attacks.... yet I distinctly remember that Republicans were pro-security, pro-business, pro-trade.
If Panasonic bribe Trump is that OK now Republicans? Because I've forgotten what you stand for now. He creates a parallel power structure of cronies that ignore the laws, the courts, the congress the senate and they obey illegal Trump executive orders, and you lot, sit in you office and cry like little girls and do nothing. Simply pretending Russia are our best buddies and Republicans are all about attacking business.
Dammit, Panasonic. Now I need to get a new TV.
Yes I've been looking for a reason to get a new TV even though there's nothing really wrong with the Panasonic one I have now. And yes I've been looking at a Samsung TV and yes I know the only thing Samsung does better than electronics is corporate corruption, but you know what? Shut up, that's what.
In the land of the blind, the one-eyed man is kinky.
> his company and he's neither sold it nor divested any of the foreign income businesses?
Three of our first four presidents (George Washington, Thomas Jefferson, and James Madison) also had businesses which had foreign customers. None of the founding fathers had a problem with that. If someone wants to buy tobacco from Washington's field (or a hotel room from Trump's hotel) that's not a problem, the founders said.
What they DID have a problem with, and prohibited in the Constitution, was accepting payments not for a product or service, but as a result of the President's position. For example, if a President or Secretary of State received a "gift" of $100,000 from a foreign government, rather than selling a product worth $100,000 THAT'S an unconstitutional emolument. The Supreme Court has confirmed that.
Guess which President and Secretary of State got big "gifts" (emoluments) from from other countries? Hint - they are married, one was president, one was secretary of state. Both took foreign payments just for being in high office, not as part of a routine business transaction selling something.