Feb 7, 2016

Asahi Kasei chief to step down over foundation piling scandal

Asahi Kasei Corp. President Toshio Asano plans to step down to take responsibility for a piling data fabrication scandal involving a subsidiary, informed sources said Sunday. Chief Financial Officer Hideki Kobori, 61, is expected to replace Asano, 63, as president of the major chemicals ...

Feb 2, 2016

Foreign governments piling pressure on Malaysia over fund scandal

Malaysia may have absolved its prime minister in a huge corruption scandal, but foreign authorities investigating suspicious global fund flows are making clear they consider the affair far from over and that the net is tightening. Malaysia’s attorney general last week cleared Prime Minister ...

Jan 30, 2016

Swiss seek Malaysian help in probing $4 billion financial scandal

Switzerland’s chief prosecutor said on Friday he had formally asked Malaysia for help with his probe into possible violations of Swiss law by the state-owned fund 1Malaysia Development Berhad (1MDB), saying suspected misappropriations amounted to about $4 billion. The office of Swiss Attorney General ...

Jan 29, 2016

Amari still has much to answer for

Even though he has stepped down as economic and fiscal policy minister, Akira Amari still owes an explanation of his acts to a public weary of the repeated money scandals involving key members of the Abe administration.