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Fuyao Glass says Ohio unit not target of investigation after Homeland Security raids
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Fuyao Glass says Ohio unit not target of investigation after Homeland Security raids
Jul 28, 2024 1:06 AM

BEIJING, July 28 (Reuters) - Chinese automotive glass

maker Fuyao Glass Industry Group said the United

States government agencies searched its subsidiary on July 26 in

Ohio as part of an ongoing investigation into a third-party

labour services company.

Fuyao Glass America Inc was not the target of the

investigation, Fuyao quoted the U.S. authority as saying, in a

filing to the Shanghai Stock Exchange.

Local media earlier quoted a U.S. Homeland Security

Investigations spokesperson as saying that their special agents

are serving search warrants at Fuyao Glass's unit and 27 other

locations as part of an investigation into "allegations of

financial crimes and labour exploitation."

Production in its Ohio unit was partially halted during the

search, which was completed on Friday afternoon. Cargo transport

and delivery were not affected, the company said, adding the

current operation remains normal.

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