Kansai Electric Power, Japan’s second-largest listed utility by revenue, on Wednesday approved the resignation of Chairman Makoto Yagi over 320 million yen ($3 million) in undisclosed cash and gifts that company executives received over the years, Nikkei has learned. Yagi, 69, informed several people at the Osaka-area utility of his intention amid growing criticism from the government and public.
Nikkei Asian Review 9th Oct 2019 read more »
A number of former Kansai Electric Power Co. (KEPCO) executives are opening up about receiving money and gifts from a late former official of a town hosting one of the utility’s nuclear plants since as far back as the 1980s, and such confessions by those who were not covered by the utility’s investigation into the payoff scandal are likely to swell further.
Mainichi 9th Oct 2019 read more »