Tag - scandals

 
 

SCANDALS

Japan Times
JAPAN
Mar 15, 2019
JOC head Takeda likely to retire amid probe into Tokyo 2020 Olympic bid corruption, say sources
President Tsunekazu Takeda, who led Japan's bid for the 2020 Olympics, is expected to retire amid a French investigation into alleged bribes involving the selection process.
BUSINESS / Companies
Mar 14, 2019
Japan's Daiwa House suspects massive $211 million embezzlement at Chinese joint venture
Home builder Daiwa House Industry Co. said Wednesday it suspects 1.42 billion yuan ($211 million) may have been embezzled by three employees at its joint venture in China.
Japan Times
BUSINESS / Companies
Mar 13, 2019
Kobe Steel hit with ¥100 million fine over data fabrication that continued for four decades
A Tokyo court ordered Kobe Steel Ltd. on Wednesday to pay a ¥100 million ($898,000) fine for fabricating product quality data at its domestic plants.
Japan Times
WORLD / Crime & Legal / FOCUS
Mar 13, 2019
U.S. college arms race goes too far with wealthy 'gaming the system'
In the American blood sport of college admissions, the rich have long had more levers to pull.
Japan Times
CULTURE / Entertainment news
Mar 13, 2019
Hollywood actors and CEOs accused of paying bribes and faking photos to scam U.S. college admissions
Nearly 50 people, including actors Felicity Huffman and Lori Loughlin were charged on Tuesday in what federal authorities say was a $25 million scam to help wealthy Americans get their children into elite universities like Yale and Stanford.
Japan Times
BUSINESS / Companies
Mar 12, 2019
Nissan, Renault and Mitsubishi seek fresh start after Carlos Ghosn era with new joint board
The three companies said the alliance will establish a new joint management board designed to be operated with a fair balance of power.
Japan Times
BUSINESS / Companies
Mar 12, 2019
Olympus whistleblower Michael Woodford wins pension suit brought by Japan firm's U.K. subsidiary
The former CEO of Olympus, who blew the whistle in 2011 on a massive accounting scandal at the medical equipment maker, has won a London court battle over alleged wrongdoing linked to his £64 million (¥9.4 billion) pension.
BUSINESS
Mar 12, 2019
Japan eyes flexible fines for antitrust violators that cooperate with investigators
The government approved a bill Tuesday that would allow for flexible fines to be handed down to antitrust violators who come forward to confess to wrongdoing, depending on the degree of their cooperation with investigations.
Japan Times
BUSINESS / Companies
Mar 11, 2019
Nissan and Renault weigh closure of Dutch joint venture that reportedly funded Ghosn's parties
The venture, set up in 2002, had become nonfunctional in recent years.
Japan Times
BUSINESS / Companies
Mar 11, 2019
Court blocks ex-Nissan boss Carlos Ghosn from attending board meeting
A Tokyo court on Monday denied ousted Nissan boss Carlos Ghosn's request to attend a board meeting this week, blocking what would have been a dramatic faceoff with the colleagues he has accused of fomenting a coup.
CULTURE / Entertainment news
Mar 11, 2019
K-pop takes a hit after Big Bang singer named in sex probe
The popularity of K-pop is taking a dive — at least in the stock market — after South Korean police confirmed a member of the Big Bang boy band is being investigated as part of a probe into prostitution at Seoul nightclubs.
Japan Times
BUSINESS
Mar 10, 2019
Plea deal talks with Nissan executives over Ghosn charges began month prior to his arrest
The executives told in-house investigators that they would disclose further details to the prosecutors if they could secure a plea deal, sources said.
Japan Times
BUSINESS / Companies
Mar 9, 2019
Nissan and Mitsubishi consider closing Dutch joint venture after Ghosn drama
The automakers believe the scrapping of Nissan-Mitsubishi BV is inevitable in light of allegations of financial misconduct involving Carlos Ghosn, sources said.
Japan Times
BUSINESS / Companies
Mar 9, 2019
Carlos Ghosn case could spur Japan justice reform, Suntory CEO says
The arrest and lengthy detention of former auto titan Carlos Ghosn has drawn the eyes of the world to Tokyo and may finally bring reform to the nation's criminal justice system, according to Takeshi Niinami, chief executive officer of Suntory Holdings Ltd.
Japan Times
BUSINESS / Companies
Mar 8, 2019
IHI finds at least 200 cases of improper airplane engine inspections at Tokyo plant
Heavy machinery maker IHI Corp. said Friday it has found 211 cases in which airplane engines were improperly inspected over the past two years, including by uncertified workers.
Japan Times
BUSINESS
Mar 8, 2019
Lawyer Takashi Takano is all apologies for Ghosn's dramatic bail release and the disguise that wasn't
The lawyer who freed Nissan's savior confesses it was his idea to have the beleaguered auto exec dress like a construction worker with allergies to elude the media upon release.
Japan Times
BUSINESS / Companies
Mar 8, 2019
Companies led by ex-Nissan chief Carlos Ghosn donated to his children's school and Paris ball
Companies headed by Carlos Ghosn, the embattled former head of Nissan Motor Co. and Renault SA, made donations to his children's school and the posh debutantes' ball in Paris where his daughters were presented.
Japan Times
BUSINESS
Mar 7, 2019
Bailed ex-Nissan boss Ghosn recuperating after 108-day 'hostage justice' ordeal in Tokyo, says lawyer
“I'm glad that the bail was granted. I hope this case will become the start of ending the u2018hostage justice' system,” lawyer Junichiro Hironaka said.
Japan Times
BUSINESS
Mar 6, 2019
Ousted Nissan chief Carlos Ghosn released from jail after 108 days of detention, facing uncertain future
Former Nissan Chairman Carlos Ghosn was released on bail Wednesday, ending over three months of detention that elicited a global outcry over his treatment.
Japan Times
JAPAN / Crime & Legal
Mar 6, 2019
Kagoike couple at heart of Japan PM Abe's Moritomo Gakuen cronyism scandal plead not guilty
The former head of a school operator and his wife, who are at the heart of a cronyism scandal linked to Prime Minister Shinzo Abe, pleaded not guilty Wednesday to charges of fraud related to public subsidies for their schools, claiming their arrests were politically motivated.

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