Uber under probe, reviews Asia operations - Business News - News Summed Up

Uber under probe, reviews Asia operations - Business News


Alan Jiang, the company’s head of Indonesia business who approved the expense report, was placed on a leave of absence and has since left the company. After the Justice Department approached Uber about possible violations of the Foreign Corrupt Practices Act, Uber informed officials about what happened in Indonesia. Around that time, a Malaysian pension fund, Kumpulan Wang Persaraan, invested US$30mil in Uber, said people familiar with the deal. Emil Michael and Eric Alexander, two former business executives at Uber, played key roles in negotiating those deals, the people said. On Tuesday, Michael Brown, head of operations in Asia, said he plans to leave.


Source: The Star September 20, 2017 01:41 UTC



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