News

NCR subpoenaed in whistleblower case

October 22, 2012

A whistleblower case alleging improper business practices by NCR Corp. in Africa, China and the Middle East is moving forward. During an earnings call last week, the company said it had received a subpoena related to the matter from the Securities and Exchange Commission.

According to a report in The Wall Street Journal, NCR also said that its board of directors had launched a special investigation into the allegations in response to a letter from a shareholder "demanding that the board investigate and take appropriate action in connection with certain of the whistleblower allegations."

NCR first disclosed in August that a former employee was claiming that certain of the company's international offices had violated U.S. bribery laws. At the time, the company said that some of the allegations appeared to be untrue and that it was investigating others to determine their validity.

During last week's earnings call, the company reported that it was making progress in the investigation, the WSJ report said.

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