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Toyobo Co Ltd (3101.T)

3101.T on Tokyo Stock Exchange

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Thu, Mar 15 2018

Toyobo to pay $66 million in U.S. bullet-proof vest fraud case

WASHINGTON Japan's Toyobo Co Ltd and its U.S. subsidiary have agreed to pay $66 million to resolve claims they sold defective fiber used in bullet-proof vests bought by the United States for federal, state, local and tribal law enforcement agencies, the Justice Department said on Thursday.

UPDATE 1-Toyobo to pay $66 mln in U.S. bullet-proof vest fraud case

WASHINGTON, March 15 Japan's Toyobo Co Ltd and its U.S. subsidiary have agreed to pay $66 million to resolve claims they sold defective fiber used in bullet-proof vests bought by the United States for federal, state, local and tribal law enforcement agencies, the Justice Department said on Thursday.

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