Foxconn Tucheng Plant Searched, 3 Taken in for Questioning Over Suspected Executive Kickbacks
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Foxconn Group's Tucheng plant was searched by investigators, and three individuals, including a director-level executive, were taken in for questioning over suspected kickbacks. The case is being investigated under charges such as special breach of trust under the Securities Exchange Act and forgery. Foxconn stated that the incident has no significant financial impact and operations are normal.