Foxconn Says Chinese Authorities Probing Bribery Allegations
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Foxconn Technology Group said Chinese authorities are investigating allegations that at least one executive accepted bribes from suppliers.
The statement came after Taipei-based weekly Next Magazine reported that a Foxconn executive was arrested in Shenzhen in September as part of a bribery probe. The group confirmed that authorities were investigating the allegations and said employees and suppliers were awaiting the results.