A bribery investigation report reveals that over April , The Wall Street Journal hired friends and family members of executives at 75% of the major Chinese companies it took public in Hong Kong . The document, which was compiled by J.P. Morgan itself, listed 222 candidates who were hired by the bank under a programme known internally as " Sons and Daughters ". Investigators are now examining whether any of the hires were linked to business subsequently won by the bank, though as yet, they have not found any documentation of government officials showing they were giving business to the bank in return for hires.
A bribery investigation report reveals that over the past decade, JP Morgan Chase & Co hired friends and family members of executives at 75% of the major Chinese companies it took public in Hong Kong. The document, which was compiled by JP Morgan itself, listed 222 candidates who were hired by the bank under a programme known internally as "Sons and Daughters". Investigators are now examining whether any of the hires were linked to business subsequently won by the bank, though as yet, they have not found any documentation of government officials showing they were giving business to the bank in return for hires.