IMI Suspends 20 Employees For Possible Bribery

Law360, New York (August 17, 2007, 12:00 AM EDT) -- British engineering group IMI Plc revealed Thursday night that it had suspended twenty or so employees and alerted the U.S. Department of Justice after discovering possible bribery attempts by one of its American subsidiaries.

The group said that it had hired forensic accountants from Ernst & Young to investigate the books of its Severe Service business in California. Severe Service provides control valves for power stations, chemical factories and the pulp and paper industries.

It announced the investigation “into possible irregular payments” to the stock exchange,...
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