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Posts with tag investigation

Samsung boss responds to bribery probe: "I am responsible"

Lee Kun-hee, Samsung's 66 year old chairman and son of the company's founder, made a potentially damning announcement over the weekend. Following 11 hours of interrogation by prosecutors into allegations of bribery and maintaining a slush fund (among other improprieties), Lee said, "This is all due to my carelessness. I am responsible for everything and must take responsibility." We won't know for sure until the investigation is complete. However, the statement is less likely an admission of guilt than it is an attempt to appease the people of South Korea where the Samsung "chaebol" is more than just a brand, it's a national symbol of pride... at least it was.

Samsung's Korean headquarters raided by police


Samsung just can't seem to keep itself out of hot water these days. On the heels of its chairman's home raid, it now appears that the Samsung Group headquarters have also been the target of a shakedown. Apparently, the flurry of activity is all related to an ongoing probe into accusations that the electronics-maker is responsible for a slush fund used to bribe influential prosecutors, judges, and political figures. The charges are being lobbed by Kim Yong-chul, a former legal affairs official at Samsung, who claims that the conglomerate used some 200 billion won ($215 million) to fund the shady dealings. The company denies the accusations, of course, though Chairman Lee Kun-hee has been convicted of bribery before in Korean courts... so, uh, this isn't looking good.

Microsoft due for another round of EU antitrust probes


Microsoft, the ever-present target of scorn from the little guy, has once again been hit with antitrust charges in the EU, according to a report in the Wall Street Journal today. This time it's charges related to the company's refusal to disclose "interoperability information" for a variety of products, including Office, which is keeping competitors from marketing compatible software (we've heard complaints of this type from Open Office users for some time). Additionally -- just as we reported in December -- Norwegian web browser outfit Opera is stepping up to the plate, alleging that Redmond's inclusion of Internet Explorer with its ubiquitous operating system leaves little room for rival companies to enter the game. Considering how Microsoft's last antitrust case went in the EU, this may bode poorly for the giant, though a ruling in favor of reforms could benefit the end user. Stay tuned to this space for more information as we get it.

Mod chip raid victim details the experience

While US Immigrations and Customs Enforcement are remaining tight-lipped about what exactly they have seized thus far, a certain modder has come forward to depict his story and explain the experience of getting raided by the fuzz. After agents woke up his grandmother and perused her domicile with a warrant in hand, they confiscated a number of consoles and spare parts around the house before heading out to find the man behind FallsInc. Once locating him at his girlfriend's dwelling, they persuaded him to hand over everything even remotely related to modding, and he was left with "nothing of worth" outside of a computer monitor and his vehicle. Unsurprisingly, the culprit (or victim, depending on perspective) feels that his "life was taken away by a ludicrous interpretation of the DCMA" as the "little guy" was taken down while mass piraters remain at large. To read his whole account, be sure and tag the read link.

UK Constitution Committee to investigate surveillance overload

For those dwelling in England who enjoy a touch of privacy in their day to day lives, help could be on the way. Amidst the smattering of new surveillance methods being installed and implemented within the nation's border comes a second inquiry into the "constitutional implications" of such invasive measures. If you'll recall, the Commons' Home Affairs committee has already planned its own review, and now the UK's Constitution Committee will be "conducting an inquiry on the consequences of the collection and use of surveillance and personal data by the State." Basically, the group is trying to visualize just how damaging all these CCTV installations, car trackers, and behavior monitors are on the "relationship between individuals and institutions." Another aspect will be to scrutinize whether UK citizens need additional protection under the law from such voyeuristic tactics, and judging solely by the sheer multitude of surveying going on over there, we couldn't complain with a little extra shielding. [Warning: Word Document read link]

[Via El Reg]

iPod manufacturer gets questioned on insider trading


You'd think that by now, all these high-falutin' execs would have figured out that illegally manipulating one's stock price probably isn't the best approach to garner public attention, but now we've got yet another company under scrutiny for insider trading allegations. Inventec, who plays a major role in the manufacturing of Apple's iPod, was raided yesterday as Banciao prosecutors began "looking for evidence to support charges of alleged insider trading." Apparently, officials have "reliable information that upper management manipulated the company's stock price," and after the initial sweep was completed, a whopping 22 individuals were captured for questioning. Of course, spokespersons for the firm are adamant that the probe won't effect operations, but considering that a faithful janitor could be running the supply chain in the interim, you never know what mayhem could ensue.

[Via Inquirer]

Best Buy's secret intranet site exposed


Those looking for a good buy, nay, the best buy, would be wise to note Best Buy's recently exposed secret intranet site, allegedly used to prevent customers from reaping the benefits of discounts advertised on BestBuy.com. Two Connecticut stores denied customers of discounted prices advertised on BestBuy.com by referencing the visually identical intranet site, which doesn't always reflect the lowest prices. The site, quickly disclosed by a local publication, was then put under investigation, yielding vague answers from Best Buy and no clear explanation of why it even exists. Best Buy issued a statement assuring their intent was not to mislead the customer and that they are "reminding [their] employees how to access the external BestBuy.com web site to ensure customers are receiving the best possible product price." Whether or not Best Buy encourages the ol' switcharoo is still up in the air, with local officials' investigations being hindered by BestBuy's "fuzzy responses" -- but something tells us they're not to be trusted.

[Via Techmeme]

Thieves balk at 13-inch CRT television, refuse to steal

Although we've seen our fair share of zany criminals pulling off (or at least attempting to) incredible feats in order to snag a few good pieces of electronic kit, it seems that our era has all but eliminated the value previously associated with low-end, old fashioned electronics. Sure, there's a few folks out there shopping for bulky, cumbersome, and cheap 13-inch CRT televisions, but in numerous dodgy neighborhoods in and around Canada, researchers simply couldn't convince thieves to take one. In a ploy to track a thief from the moment the crime happened to where it ended up, the crafty schemers discretely installed a GPS device in the TV, and then proceeded to leave the functioning set in various unlocked cars around less-than-amicable boroughs for thieves to jump on. After nearly a month of trying to get a single thief in all of Canada to jack this thing, their attempts proved overwhelmingly futile. So while there's no exact moral to this story, we'll just assume that potential larcenists might be a tad more apt to pass on by your crib if you're caught watching snow-filled soaps on a 1982 RCA than say, a $10,000 plasma, but you already knew that, eh?

[Thanks, Camperton]

US Justice Department probing Sony, others for SRAM doings

These kids just can't catch a break. The folks at Sony, fresh off their battery debacle, and struggling to make any sort of relevant quantity for next month's PS3 launch, are being probed by the US Justice Department's antitrust division in regards to the company's SRAM biz. Sony, which did $27.7 million worth of SRAM business last year, says it "intends to cooperate fully with the DOJ in what appears to be an industry-wide inquiry," but that's about all the info we've got so far. Apparently US-based Cypress Semiconductor is also under investigation for similar SRAM doings, and Mitsubishi is even in some retroactive trouble, but there's no word if the situation is similar to the price-fixing scandal that Samsung and others got busted for earlier this year. We'll be keeping an eye on this investigation as it develops. It seems unlikely that any sort of accusations that could come out of this could do much damage to Sony's relatively small share in the industry, but we really wouldn't mind a feel-good puff piece on Sony now and then -- you know, just for a change of pace.

Dell looking into flaming laptop incident

You've got to hand it to Dell; even though its laptops may burst into flames at the most inopportune moments, at least the company has the good sense to conduct a prompt and public investigation into the matter (although the worldwide coverage of those "inflammatory" photos probably helped speed things up just a bit). Apparently the charred remains from that fateful conference in Osaka, Japan have been beamed back up to the mother ship, where Dell engineers are furiously working to discover how their product turned into a pyrotechnics show that amused and frightened us all. As usual, everyone's looking to pin this incident on that easiest of scapegoats -- the malfunctioning battery -- but whatever the problem turns out to be, we're sure hoping it gets fixed before another notebook decides to disobey the "no smoking" sign and light up on an airplane.



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