October 12, 2017 / 2:43 AM / 2 years ago

Kobe Steel president says there may be other cases of data fabrication

Kobe Steel President and CEO Hiroya Kawasaki speaks to the media after meeting with Ministry of Economy, Trade and Industry's Director-General of Manufacturing Industries Bureau, Akihiro Tada at the ministry in Tokyo, Japan, October 12, 2017. REUTERS/Toru Hanai

TOKYO (Reuters) - Kobe Steel (5406.T) President Hiroya Kawasaki said on Thursday there may be other cases in which data has been fabricated by Japan’s third-biggest steelmaker, which is reeling from a cheating scandal that has reverberated along global supply chains.

Kawasaki told reporters the trade ministry had ordered Kobe Steel to report on the result of safety checks within two weeks, and on the reasons for data fabrication and prevention measures in under a month.

Kobe Steel plunged deeper into crisis on Wednesday as fresh revelations showed data fabrication at the steelmaker was more widespread than initially thought.

Reporting by Yuka Obayashi; Writing by Chris Gallagher; Editing by Shri Navaratnam

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