Electronics Production | May 07, 2007
Sanmina-SCI says IRS, Labour join<br>options investigation
The U.S. Internal Revenue Service and the Labour Department have joined the organizations to look into EMS provider Sanmina-SCI`s stock-option granting procedures.
The company said it has received a document request from the IRS and notice that the Labor Department is conducting an audit. Sanimna-SCI said earlier that the Securities and Exchange Commission and the U.S. Attorney for the Northern District of California were looking into its practices, Silicon Valley / San Jose Business Journal reports.