Tags: APFN | AS | Japan | Nuclear | Improper Gifts

Japan Utility Head Quits over Gifts from Town Official

Wednesday, 09 October 2019 04:38 AM EDT

TOKYO (AP) — The head of a Japanese utility has resigned over a scandal involving 20 of its executives who received cash and gifts totaling $3 million from a former official in a town where it operates a nuclear power plant.

Kansai Electric Power Co. Chairman Makoto Yagi resigned Wednesday, saying he was taking responsibility for causing public distrust.

Company President Shigeki Iwane said he will resign later this year when independent investigators release findings. The two acknowledged they are among the 20 executives who received the cash and gifts from 2011 to 2018 from former deputy mayor of Takahama, home to four Kansai Electric reactors.

The case surfaced in September during a tax inspection. Their admission underscored collusion between officials and Japan's nuclear industry after the 2011 Fukushima disaster.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
The head of a Japanese utility has resigned over a scandal involving 20 of its executives who received cash and gifts totaling $3 million from a former official in a town where it operates a nuclear power plant.Kansai Electric Power Co. Chairman Makoto Yagi resigned...
APFN,AS,Japan,Nuclear,Improper Gifts
129
2019-38-09
Wednesday, 09 October 2019 04:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved