Former Malaysian Prime Minister Najib Razak's first 1MDB trial to proceed
Malaysian ex-leader Najib Razak's first trial linked to the 1MDB scandal will proceed after a judge ruled Monday prosecutors had made a sufficient case, boosting efforts to bring him to justice over the mammoth fraud. Vast sums were plundered from sovereign wealth fund 1MDB in ...
Leopalace21 braces for ¥27.3 billion net loss for fiscal 2019
Rental apartment operator Leopalace21 Corp. posted net losses of ¥24.4 billion ($223 million) for the April-September period on Friday, with sales falling 13.3 percent to ¥221.5 billion from the same period last year. The firm, hit by scandals involving 30,000 defective buildings earlier this year, ...
Nissan names new CFO, shuffles execs ahead of CEO Makoto Uchida's arrival
Nissan Motor Co. unveiled the responsibilities of its new top managers, appointing a new chief financial officer and making other executive moves as the automaker seeks to turn a new page almost a year since the arrest of former Chairman Carlos Ghosn. Stephen Ma, corporate ...
Resignations offer insights into Cabinet politics
The latest resignations are symptomatic of broader Japanese Cabinet politics.
Justice Minister Katsuyuki Kawai resigns over wife's alleged election law breach
The resignation marks the second departure from Prime Minister Shinzo Abe’s Cabinet in just a week after trade minister Isshu Sugawara resigned Friday.
Two Japan Post managers suspected of embezzling ¥540 million by selling used stamps
Two managers at post offices in Tokyo are suspected of embezzling some ¥540 million by privately selling used stamps earmarked for shredding, sources close to the matter said Thursday. Japan Post Co., a unit of state-backed Japan Post Holdings Co., retrieved the cash and dismissed ...
Campaign team of justice minister's wife allegedly broke election law
The campaign team for the wife of Justice Minister Katsuyuki Kawai, who won her first seat in an Upper House election in July, is suspected of having paid staff members a daily allowance that exceeded the amount permitted under the law, a weekly magazine ...
Prosecutors seek seven-year term for couple at center of cronyism scandal linked to Abe
Prosecutors on Wednesday sought a seven-year prison term for the former head of a school operator and his wife at the heart of a cronyism scandal linked to Prime Minister Shinzo Abe, in relation to fraud valued at over ¥170 million ($1.6 million) involving ...
Kyoto faces criticism after paying ¥1 million to comedians for unlabeled promotional tweets
The city of Kyoto signed a contract to pay ¥1 million to a comedy duo to promote the city on Twitter, local officials revealed Monday, but the city is coming under fire after the pair posted messages without marking them as being promotional. The two ...
Malaysia privately discusses Goldman Sachs penalty of $2 billion over 1MDB scandal
Again and again, Malaysia has publicly demanded Goldman Sachs pay an eye-popping $7.5 billion for its role in the 1MDB scandal. But privately, Malaysian negotiators are considering settling for a fraction of that. Representatives for Malaysia have discussed figures of around $2 billion to $3 ...
South Korean President Moon Jae-in faces crisis with echoes of predecessor Park's downfall
Three years ago, Moon Jae-in was among the masses on the streets of Seoul seeking to oust a president accused of ignoring the people's will. Now, his own presidency is facing a similar crisis. Moon was forced to issue a public apology Monday after Cho ...
Hidden gold and 'murky' payoffs threaten Japan's nuclear revival
A payoff scandal has struck Japan's nuclear world, threatening to delay the restart of idled reactors in what's becoming the industry's biggest crisis since the Fukushima meltdowns of 2011. The issue, which emerged at the end of last month, centers around how an influential municipal ...
