Tag - scandals

 
 

SCANDALS

Japan Times
BUSINESS / Companies / Commentary
Jun 24, 2019
Will Nissan reforms finally bring end to corporate governance woes?
In many ways, the problems surrounding Nissan Motor Co. have spawned renewed interest in the state of Japan's corporate governance.
Japan Times
BUSINESS / Companies
Jun 24, 2019
Ghosn lawyer asks why charges were dropped against Nissan CEO Hiroto Saikawa
Explanation requested over the decision not to indict the automaker's chief for his involvement in the ex-chairman's alleged financial misconduct.
Japan Times
BUSINESS / Companies
Jun 23, 2019
Nissan board due to question CEO Hiroto Saikawa on 2013 house purchase
Nissan Motor Co. Chief Executive Officer Hiroto Saikawa is due to be questioned by the board on Monday about allegations by a former senior executive that he broke company rules to pay for a house in Tokyo, according to people familiar with the matter.
Japan Times
ASIA PACIFIC / Politics
Jun 21, 2019
Sex tapes apparently showing Mahathir aide with another man cloud PM's succession plan
Leaked sex videos purporting to show a potential successor to Malaysian Prime Minister Mahathir Mohamad with another man have deepened rifts within the ruling coalition and raised concerns of a turbulent transition from the 93-year-old leader.
Japan Times
BUSINESS
Jun 21, 2019
Walmart agrees to pay $282 million to settle Brazil unit bribe claim
Walmart Inc. has agreed to pay a total penalty of $282 million to settle charges by the U.S. Justice Department and the Securities & Exchange Commission that its Brazilian unit violated the Foreign Corrupt Practices Act.
Japan Times
BUSINESS / Companies
Jun 19, 2019
Nomura shares jump on ¥150 billion buyback and governance tweaks
Nomura Holdings Inc. surged the most in more than two years in Tokyo trading after it announced a surprise ¥150 billion ($1.4 billion) share buyback along with plans to reduce its chairman's role to bolster governance.
Japan Times
BUSINESS / Companies
Jun 11, 2019
Nissan CEO Hiroto Saikawa sought special deal on stock options in 2013, says former Ghosn aide
A former senior board member of Nissan Motor Co. said the company's current chief executive officer sought an exception on the sale of compensation-linked stock, which resulted in him earning a higher profit, according to a Japanese media report.
Japan Times
BUSINESS / Companies
Jun 9, 2019
Carlos Ghosn's lawyers surprised to hear Renault board has started legal proceedings based on audit
Former Nissan Chairman Carlos Ghosn's lawyers say they were surprised to hear that the board of Renault SA has started proceedings against their client based on an audit report.
Japan Times
JAPAN
May 30, 2019
158 ethics violations found in research by Japan's NCVC medical institute
The National Cerebral and Cardiovascular Center said Thursday it has found 158 cases of research that was conducted in violation of the country's ethical standards.
Japan Times
BUSINESS / Companies
May 30, 2019
Defects at Leopalace21 properties were caused by hasty expansion and closed culture, report says
The pace of business expansion and a closed corporate culture at Leopalace21 Corp. resulted in defects in the apartment buildings constructed by the company, a third-party investigative panel has said in its final report.
Japan Times
BUSINESS / Companies
May 24, 2019
Nomura CEO to take 3-month pay cut over leak of information about Japan stock market changes
Nomura Holdings Inc.'s CEO will take a pay cut to assume responsibility for improper handling of stock market information by employees.
Japan Times
BUSINESS
May 23, 2019
Brazil bans labs from food inspections amid BRF scandal
Brazil's Ministry of Agriculture officially banned three laboratories from conducting food inspections over their involvement in a food safety testing scandal that ensnared meatpacker BRF SA, according to decisions published in the official government gazette on Wednesday.
Japan Times
JAPAN
May 21, 2019
Japan shifts toward digital storage of records after Moritomo, SDF and other scandals
The government plans to shift toward digital management of most public records by the time the new National Archives of Japan building opens in fiscal 2026, aiming to prevent the record management scandals that have plagued the Abe government.
Japan Times
BUSINESS / Companies
May 17, 2019
Nissan CEO Hiroto Saikawa won't be charged over Ghosn's underreported pay, sources say
Prosecutors have decided not to indict Nissan Motor Co. CEO Hiroto Saikawa for his involvement in the alleged underreporting of former Chairman Carlos Ghosn's remuneration, sources close to the matter said Friday.
Japan Times
BUSINESS / Companies
May 16, 2019
Nissan to keep Hiroto Saikawa as CEO and name Renault chief Thierry Bollore to board, say sources
Nissan Motor Co. plans to keep Hiroto Saikawa as its CEO and newly appoint Thierry Bollore, CEO of its alliance partner Renault SA, to its board, pending shareholder approval in June, sources said Thursday.
Japan Times
BUSINESS / Companies
May 13, 2019
Lawyer for Ghosn says ex-Nissan boss received no money via Oman in bank accounts
Former Nissan Motor Co. Chairman Carlos Ghosn did not receive any money sent by the automaker through Oman to his personal accounts, according to his lawyer.
Japan Times
BUSINESS / Companies / ANALYSIS
May 12, 2019
Carlos Ghosn's successor, Hiroto Saikawa, under siege from within as Nissan profit sinks
Nissan chief Hiroto Saikawa finds himself under pressure from several angles, including a drop in company profits and slumping U.S. sales.
Japan Times
BUSINESS / Companies
May 10, 2019
IHI vows to improve product safety in wake of jet engine inspection scandal
IHI Corp. said Friday it will boost steps to ensure product safety after an inspection scandal revealed that jet engines and parts it made had been given improper inspections for a decade.
Japan Times
BUSINESS / Companies
May 10, 2019
Two of Ghosn's former aides avoid indictment through plea bargain deal with Tokyo prosecutors
The foreign executives struck the rare deal between October and November by providing documents related to Nissan's remuneration allegations, but they can be examined as witnesses, sources said.
Japan Times
BUSINESS / Companies
May 9, 2019
Court OKs change of residence in Tokyo for bailed former Nissan boss Carlos Ghosn
Former Nissan Motor Co. Chairman Carlos Ghosn has been permitted by a court to change his residence to a house in Tokyo from a condominium while he is on bail, investigative sources said Thursday.

Longform

People wait for the main act to begin at Summer Sonic, which holds simultaneous music festivals for those in Tokyo and Osaka.
Can Japan's summer music festivals adapt to a post-pandemic reality?