Tag - scandals

 
 

SCANDALS

Japan Times
JAPAN / Crime & Legal
Sep 28, 2019
Sales at Kepco-linked company rose sixfold on nuclear projects
A construction company involved in a scandal at Kansai Electric Power Co. increased its sales at least sixfold over the five years to August 2018 for work related to nuclear power plants, data by a credit research agency showed Saturday.
Japan Times
BUSINESS / Companies
Sep 21, 2019
Tokyo court plans to hold hearing for ex-Nissan boss Ghosn next April
The Tokyo District Court is expected to hold the first hearing for former Nissan Motor Co. Chairman Carlos Ghosn on April 21 on charges he underreported his remuneration by around u00a59 billion over eight years.
EDITORIALS
Sep 15, 2019
Nissan's challenges post-Saikawa
Whoever takes over from Saikawa faces the tough challenge of normalizing Nissan's management as quickly as possible to allow the automaker to charter a path for its revival and start pouring its resources into crucial technologies such as autonomous driving.
Japan Times
BUSINESS / Companies
Sep 15, 2019
How Nissan CEO Hiroto Saikawa went from defiant to fired in 24 hours
Hiroto Saikawa's tone bordered on defiant on Sept. 8 when discussing his future as chief executive officer of Nissan Motor Co. He accepted responsibility for the Carlos Ghosn scandals and said he'd resign after a successor was found, but he wasn't taking the fall for a burgeoning controversy over his...
Japan Times
BUSINESS / Companies
Sep 13, 2019
Japan Post Bank broke rules with sales of investment trust products to thousands of seniors
Japan Post Bank improperly sold investment trust products to elderly customers in violation of its rules in a total of some 20,000 cases, sources have revealed.
Japan Times
BUSINESS / Companies
Sep 10, 2019
Nissan ousts CEO Hiroto Saikawa over pay scandal as carmaker's turmoil deepens
Less than a year since the dramatic downfall of Carlos Ghosn, Nissan Motor Co. is losing another leader.
Japan Times
BUSINESS / Companies / ANALYSIS
Sep 9, 2019
Hiroto Saikawa's departure only adds to Nissan's uncertainty
Nissan Motor Co. has announced that CEO Hiroto Saikawa will step down next Monday, which will likely add another layer of dark clouds over the viability of the Yokohama-based automaker already mired in low profits, waning trust in corporate governance and a shaky alliance with French Renault SA.
Japan Times
BUSINESS / Companies
Sep 8, 2019
Nissan CEO Hiroto Saikawa to step down, report says
Nissan Motor Co. CEO Hiroto Saikawa, whose tenure has been rocked by a scandal leading to the downfall of one of the most charismatic leaders in Japanese business and raising serious questions over the company's corporate governance, has expressed his intention to step down, the Nikkei business daily...
Japan Times
JAPAN
Sep 8, 2019
MIT Media Lab director Joi Ito resigns following reports of financial ties to disgraced financier Jeffrey Epstein
The Massachusetts Institute of Technology said Saturday that Joichi Ito had resigned as director of the MIT Media Lab amid concern over his financial ties with disgraced late financier Jeffrey Epstein.
Japan Times
BUSINESS / Companies
Sep 7, 2019
Nissan concludes internal probe into alleged financial misconduct by former Chairman Carlos Ghosn
Nissan Motor Co.'s internal investigation into former Chairman Carlos Ghosn's alleged financial misconduct has been completed and the results will be reported to its board meeting next week, sources close to the matter said Saturday.
Japan Times
BUSINESS / Companies
Sep 7, 2019
Top Nissan investigator into CEO Hiroto Saikawa's excess pay set to quit carmaker
Nissan Motor Co.'s internal investigation into former Chairman Carlos Ghosn's alleged financial misconduct has been completed and the results will be reported to its board meeting this coming week.
BUSINESS / Companies
Sep 6, 2019
Nissan overpaid Carlos Ghosn whistleblower Hari Nada along with CEO Hiroto Saikawa
Nissan Motor Co. overpaid other executives in addition to its chief executive officer, according to people with knowledge of the matter, among them Senior Vice President Hari Nada, a key figure in the downfall of former Chairman Carlos Ghosn.
Japan Times
BUSINESS / Companies
Sep 6, 2019
Ministry says Recruit Career acted illegally in Rikunabi data scandal and demands corrective steps
The labor ministry said Friday it had issued administrative guidance to Recruit Career Co. for selling to its clients web browsing data predicting the odds of job-hunting students declining informal job offers, without the students' consent.
Japan Times
ASIA PACIFIC / Politics
Sep 6, 2019
South Korean ministerial nominee in cross-hairs over daughter's education perks
President Moon Jae-in's nominee for justice minister may soon take office under the cloud of a prosecution inquiry and public outcry over a scandal that has reignited debate over class privilege.
Japan Times
BUSINESS / Companies
Sep 5, 2019
Nissan CEO Saikawa admits receiving too much pay under executive equity plan
Saikawa said he will return the excess amount to the automaker, while revealing that other executives have also received overpayments.
Japan Times
BUSINESS / Companies
Aug 31, 2019
FSA to inspect two Japan Post units involved in insurance sales scandal
The Financial Services Agency will conduct on-site inspections of Japan Post Co. and Japan Post Insurance Co. in September over the insurance sales scandal involving the Japan Post Holdings Co. units.
Japan Times
ASIA PACIFIC / Crime & Legal
Aug 29, 2019
Top K-pop producer Yang Hyun-suk questioned by police over gambling and prostitution
The music producer behind some of South Korea's biggest K-pop stars was questioned by police on Thursday in connection with an investigation into illegal gambling and prostitution that has rocked the music industry.
Japan Times
JAPAN / Politics
Aug 28, 2019
Vice labor minister quits over alleged plan to take bribes for easing entry of foreign labor into Japan
A vice labor minister quit Wednesday amid allegations that he planned to solicit bribes from a temp agency in return for his help with speeding up visa procedures for foreign nationals the agency intended to dispatch to Japanese firms, labor minister Takumi Nemoto said.
Japan Times
BUSINESS / Companies
Aug 27, 2019
Recruit Career urged to make amends for selling job-seekers' browsing data without consent
The Personal Information Protection Commission on Monday urged job data provider Recruit Career Co. to take corrective measures after it was found to have sold the web-browsing data of nearly 8,000 job seekers to client firms without their consent.
Japan Times
BUSINESS / Companies
Aug 22, 2019
Tokyo FM Broadcasting admits fiddling the books to hide subsidiary's losses
Tokyo FM Broadcasting Co. said Wednesday that it engaged in improper accounting practices to hide a subsidiary's losses.

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