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Department of Commerce Asked to Investigate Fraud on the Department by TKS

Thursday, July 15, 2004

Press release from the issuing company

July 14th, 2004 - Goss International Corporation filed a request with the U.S. Department of Commerce today asking that the Department take action in response to evidence that Tokyo Kikai Seisakusho ("TKS"), a Japanese producer of large newspaper printing presses ("LNPPs"), used a fraudulent price increase, secret rebates, and a cover-up to conceal TKS's illegal dumping of LNPPs on the U.S. market, corrupt government processes, and violate United States law. Goss's request followed a decision by the United States District Court for the Northern District of Iowa, upholding a $31.6 million jury verdict against TKS for violations of the Antidumping Act of 1916. The District Court's decision detailed a laundry list of evidence from the trial that TKS dumped its presses on the U.S. market, and then engaged in various schemes to conceal its dumping, including attempts to destroy documents and falsify TKS's business records. In the late 1990s, the Department of Commerce conducted annual reviews to investigate TKS's compliance with the Department's antidumping order on LNPPs from Japan, in which the Department found no or de minimus dumping by TKS. Although the Iowa jury did not consider the issue of TKS's conduct in the antidumping proceedings, Goss noted in its filing with the Department that the evidence of a fraudulent price increase and secret rebates was not reported to the Department during the administrative reviews. Goss has asked the Department to investigate TKS's earlier conduct to determine whether TKS evaded the imposition of antidumping duties by submitting intentionally misleading information to the Department. "We think that TKS's misrepresentations may have cost the U.S. government millions of dollars in uncollected antidumping duties," said Bob Brown, CEO of Goss International. "As importantly, TKS's actions undermined the fundamental integrity of the Department's investigation. Given the federal court's findings, it is appropriate that the Department of Commerce investigate TKS's conduct, determine the precise scale of TKS's misrepresentations, and collect now the duties that TKS should have paid years ago. The Department owes it to the American taxpayer."

 

 

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