ZURICH—Swiss engineering company ABB Ltd. said Wednesday it would likely book a $100 million charge related to a “sophisticated criminal scheme” it said was orchestrated by its now-missing treasurer in South Korea. ABB said it suspects that the treasurer forged documents and colluded with third parties to steal from the company, before disappearing Feb. 7. The resulting, estimated pretax charge will affect the company’s previously...

Source: Wall Street Journal February 22, 2017 06:55 UTC