US regulator probes United Tech’s jet engine sales in China
By: Reuters | Apr 28 2014 at 08:38 AM | International Trade
United Technologies Corp. said the U.S. Securities and Exchange Commission had launched an investigation regarding sales of the company's jet engines in China by a non-employee sales representative.
United Tech, which also makes elevators and climate control systems, said the regulator issued a subpoena seeking documents related to disclosures of sales of its Pratt & Whitney engines and International Aero Engines.
The SEC probe follows United Tech's internal investigation into the matter, the company said in a regulatory filing. (Reuters)