Morgan Stanley has suspended its global head of real estate investing after revealing that actions by an employee believed to be the former China property head “appear to have violated” the US foreign corrupt practices act, which prohibits corporate bribery. Morgan Stanley is understood to have put Sonny Kalsi, who leads its big real estate division, on administrative leave effective immediately.

This entry was posted by Gwen Robinson on Friday, February 13th, 2009 at 4:50 and is filed under People. Tagged with morgan stanley. Edit this entry.