Morgan Stanley Fires Executive in China on Suspicions of Bribery

An article in the NY times, published 2/12/2009 gives account of the firing of Garth Peterson for allegedly violating the United States Foreign Corrupt Practices Act. It is not known as of yet the specifics of the indictment. His role was to fine and buy property in China, while working closely with the Chinese government investing arm. I wonder if this is another factor in the mismanagement of the American banking giants failure to keep tabs on the people who handle the money, or is Mr. Peterson just a scapegoat.