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Morgan Stanley acts over possible China corruption

By Jamil Anderlini in Beijing

Published: February 13 2009 02:00 | Last updated: February 13 2009 02:00

The former China head of Morgan Stanley Real Estate is under investigation for possible violations of the foreign corrupt practices act, a US law that prohibits corporate bribery.

In a filing to the Securities and Exchange Commission, the investment bank said it had discovered actions initiated by an unnamed China-based employee that "appear to have violated" the act.

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