Toyota says it reported Thai bribery probe to U.S. SEC and DoJ

[webfact]

FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su/File Photo

(Reuters) - Toyota Motor Corp said on Thursday it had reported possible violations of anti-bribery laws involving a subsidiary in Thailand to the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DoJ).

Toyota said it disclosed the possible violations to the agencies in April 2020, adding that it was cooperating with their investigations.

"The investigations could result in the imposition of civil or criminal penalties, fines or other sanctions, or litigation by the DOJ or the SEC," the Japanese car maker said in a regulatory filing.

The company could not predict the scope, duration or outcome of the investigations at this time, Toyota said.

(Reporting by Bhargav Acharya in Bengaluru; Editing by Gerry Doyle)

-- © Copyright Reuters 2021-03-19

 

- Whatever you're going through, the Samaritans are here for you

- Follow Thaivisa on LINE for breaking COVID-19 updates

[ThailandRyan]

No way, corruption in the local car industry and a collaboration amongst many to earn contracts or making of parts, say it isn't so.

[mikebell]

4 minutes ago, webfact said:

to the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DoJ).

I notice they didn't bother to report this to any Thai agency.

[tracker1]

Not Thailand and corruption surely 

[NCC1701A]

8 minutes ago, mikebell said:

I notice they didn't bother to report this to any Thai agency.

or communist Chinese or Russian. 

[mtls2005]

41 minutes ago, webfact said:

Toyota said it disclosed the possible violations to the agencies in April 2020

 

So nearly a year ago.

 

One assumes something will drop soon?

 

There had been an on-going dispute between Thailand and Toyota re: Prius manufacturing at the Chachaengsoa plant.

 

The government tried to shake-down Toyota for 11-ish billion baht.

 

https://www.nationthailand.com/noname/30265347

 

 

 

[AlfHuy]

Must be fake news.

Corruption and bribery doesn't exist here.

 

Get ready Toyota. You will be charged soon.

[colinneil]

50 minutes ago, mikebell said:

I notice they didn't bother to report this to any Thai agency.

Of course they did not bother to report to any agency here, what would be the point reporting corruption to the corrupt would be a total waste of time.

[petermik]

7 hours ago, colinneil said:

Of course they did not bother to report to any agency here, what would be the point reporting corruption to the corrupt would be a total waste of time.

I,m sure if Uncle P knew of any corruption he would have stopped it long ago.......

[Artisi]

40 minutes ago, AlfHuy said:

Must be fake news.

Corruption and bribery doesn't exist here.

 

Get ready Toyota. You will be charged soon.

And sent for attitude adjustment at your nearest military camp.... 

[P Funk]

4 hours ago, mikebell said:

I notice they didn't bother to report this to any Thai agency.

That’s when the corruption occurred!

[Cake Monster]

6 hours ago, mtls2005 said:

 

So nearly a year ago.

 

One assumes something will drop soon?

 

There had been an on-going dispute between Thailand and Toyota re: Prius manufacturing at the Chachaengsoa plant.

 

The government tried to shake-down Toyota for 11-ish billion baht.

 

https://www.nationthailand.com/noname/30265347

 

 

 

So this seems to be the reason that Toyota moved a large scale expansion out of Thailand and into Poipet, Cambodia last  year.

Thailand needs to go back to School and take the Class " How to win friends and Influence people "

In  business, you certainly dont try to shake down large Investors, and then expect them to play nice.

[hotchilli]

8 hours ago, AlfHuy said:

Must be fake news.

Corruption and bribery doesn't exist here.

 

Get ready Toyota. You will be charged soon.

Or Thailand will be dropped.

[mtls2005]

Ruh-Roh...nothing to see here, move along.

 

 

Toyota Probed Possible Bribes To Top Thai Judges

 

Titled "TMC Thailand Inquiry: Background & Protocol for Document Review," the guidelines were distributed to several teams of reviewers poring over millions of company documents dating back to 2012 with help from more than a dozen attorneys and translators. The protocol appeared to show that Toyota was concerned about possible corrupt payments to current and former Thailand Supreme Court judges, as well as to the country's top finance and justice officials.

 

https://www.law360.com/articles/1369325/toyota-probed-possible-bribes-to-top-thai-judges

[connda]

On 3/19/2021 at 8:10 AM, ThailandRyan said:

No way, corruption in the local car industry and a collaboration amongst many to earn contracts or making of parts, say it isn't so.

Just a huge misunderstanding.  Look, just give us the names of the US DOJ and SEC officials and we'll make everything disappear.  Hocus-pocus, Alalakzam!

[spidermike007]

The real problem is, they will not go after these guys. Not the top bankers, not the high ranking guys, not the corporate executives, not the provincial authorities, and certainly not the army, or the police. Many are corrupt beyond imagination. And the level of corruption simply escalates, the further up the food chain you go. They police and army are not expected to be honest, and they are not expected to engage in law enforcement, traffic or public safety, on any level. It is an irrevocably broken and dysfunctional system.

 

Anything hyperbole to the contrary, is just a smoke screen, intended to deceive the most naive amongst us.

 

The Anti-Corruption Organization of Thailand (ACT) is one of the most feeble and ineffective of all the tools Prayuth has used to deceive the people into believing that he is fighting corruption. Who was the last high level authority, in the police, immigration, the army, or the active administration they arrested, charged, tried convicted, and sent to prison? Nobody. Zero. Nunca. Nada.

 

Why? Because Prayuth has had a mandate from the beginning to do the very opposite. To protect the elite, the super wealthy who are guilty, those that are connected, and those who are in power. Just think Dark Tao. Just think Red Bull. The list goes on, and on, and on. Only the most naive amongst us believe he or ACT secretary-general Mana Nimitmongkol are sincere about this. 

[Farmerkev]

Waiting for the defamation charge to be filed

[kimamey]

On 3/19/2021 at 1:51 AM, mtls2005 said:

 

So nearly a year ago.

 

One assumes something will drop soon?

 

There had been an on-going dispute between Thailand and Toyota re: Prius manufacturing at the Chachaengsoa plant.

 

The government tried to shake-down Toyota for 11-ish billion baht.

 

https://www.nationthailand.com/noname/30265347

 

 

 

Interesting.

 

Is that part of the reason why the latest version of the Prius isn't available in Thailand?

Edited April 5, 2021 by kimamey

[Excel]

4 hours ago, spidermike007 said:

The real problem is, they will not go after these guys. Not the top bankers, not the high ranking guys, not the corporate executives, not the provincial authorities, and certainly not the army, or the police. Many are corrupt beyond imagination. And the level of corruption simply escalates, the further up the food chain you go. They police and army are not expected to be honest, and they are not expected to engage in law enforcement, traffic or public safety, on any level. It is an irrevocably broken and dysfunctional system.

 

Anything hyperbole to the contrary, is just a smoke screen, intended to deceive the most naive amongst us.

 

The Anti-Corruption Organization of Thailand (ACT) is one of the most feeble and ineffective of all the tools Prayuth has used to deceive the people into believing that he is fighting corruption. Who was the last high level authority, in the police, immigration, the army, or the active administration they arrested, charged, tried convicted, and sent to prison? Nobody. Zero. Nunca. Nada.

 

Why? Because Prayuth has had a mandate from the beginning to do the very opposite. To protect the elite, the super wealthy who are guilty, those that are connected, and those who are in power. Just think Dark Tao. Just think Red Bull. The list goes on, and on, and on. Only the most naive amongst us believe he or ACT secretary-general Mana Nimitmongkol are sincere about this. 

So very true and although they court the Chinese as they think it is yet another open trough for them to feed from they should remember that when the Chinese sentence their own corrupt individuals they have to pay for the bullets that execute them !! 

[Artisi]

4 hours ago, spidermike007 said:

The real problem is, they will not go after these guys. Not the top bankers, not the high ranking guys, not the corporate executives, not the provincial authorities, and certainly not the army, or the police. Many are corrupt beyond imagination. And the level of corruption simply escalates, the further up the food chain you go. They police and army are not expected to be honest, and they are not expected to engage in law enforcement, traffic or public safety, on any level. It is an irrevocably broken and dysfunctional system.

 

Anything hyperbole to the contrary, is just a smoke screen, intended to deceive the most naive amongst us.

 

The Anti-Corruption Organization of Thailand (ACT) is one of the most feeble and ineffective of all the tools Prayuth has used to deceive the people into believing that he is fighting corruption. Who was the last high level authority, in the police, immigration, the army, or the active administration they arrested, charged, tried convicted, and sent to prison? Nobody. Zero. Nunca. Nada.

 

Why? Because Prayuth has had a mandate from the beginning to do the very opposite. To protect the elite, the super wealthy who are guilty, those that are connected, and those who are in power. Just think Dark Tao. Just think Red Bull. The list goes on, and on, and on. Only the most naive amongst us believe he or ACT secretary-general Mana Nimitmongkol are sincere about this. 

Think it's obvious to us naive expats as to where this starts. 

[herfiehandbag]

Toyota have presumably decided that the US market is more valuable to them than the Thai market.

 

No doubt their Chachensao factory will in due course be sold on to the "Great Big Chicken Motor Corporation" of China, to produce their "Phewwhatascorcha" range of revolutionary new pick up trucks!????

 

Edited April 5, 2021 by herfiehandbag

[Damrongsak]

On 3/18/2021 at 9:15 PM, mikebell said:

I notice they didn't bother to report this to any Thai agency.

 

Oh, the Thai GOB (Good Old Boy) agency probably knows.