Switzerland's ABB hit by $100 million South Korean fraud

ZURICH (Reuters) - Swiss engineering group ABB revealed the discovery of what it called a "sophisticated criminal scheme" in its South Korean subsidiary on Wednesday, which it expects will result in a $100 million (£80 million) pre-tax charge.

from Reuters: Top News http://uk.reuters.com/article/uk-abb-fraud-idUKKBN1610HF?feedType=RSS&feedName=topNews