Word: toshiba
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Dates: during 1980-1989
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...more than six months. Concerned by apparent advances in Moscow's military technology, the Pentagon last year launched a probe to find out why the newest Soviet submarines were so much quieter and thus less vulnerable to enemy detection than their predecessors. Investigators discovered that between 1981 and 1984 Toshiba Machine and Kongsberg had falsified export documents and secretly supplied the Soviets with computer-controlled lathes used to manufacture state-of-the-art propellers for submarines and aircraft carriers. The props are particularly valuable on Soviet subs because the blades enable the vessels to slip more quietly through...
...egregious violation yet of regulations established by the 16-nation Coordinating Committee on Export Controls, the body that oversees the sale of Western high-technology products to the Soviets and their allies. After Washington protested in March to the Japanese and Norwegian governments, Tokyo and Oslo took action. Two Toshiba Machine executives thought to have been involved in the improper deal were arrested and charged with violating Japanese export laws. In addition, Toshiba Machine was prohibited from selling any goods to 14 Communist countries for one year. Though not directly implicated in the scandal, Toshiba Machine President Kazuo Iimura...
...last week to require the State Department to "enter into discussions with Japan and Norway regarding compensation for damage to United States national security." The next day members of a Senate subcommittee on international finance raised the possibility of a long-term ban on U.S. imports of Toshiba and Kongsberg products. That would be an especially devastating blow to Toshiba (1986 revenues: $22.8 billion), which exported $1.6 billion in TV sets, VCRs and other goods to the U.S. last year...
...threatened. As a result, the Navy may convince Congress that the number of U.S. subs must be increased sharply. Because the newest submarines under development -- known as the Seawolf class -- will cost more than $1 billion each, it is the U.S. that could pay the highest price for Toshiba's and Kongsberg's dealings...
Americans are flocking back to Europe. -- Citicorp, Ford and ITT join the exodus from South Africa. -- The Toshiba scandal grows...