Kansai Electric executives got 320m yen in payments: president Iwane
[TOKYO] Kansai Electric President Shigeki Iwane said on Friday he and other executives at the Japanese utility received 320 million yen (S$4.15 million) in payments from "a person outside the company" over seven years most of which they had returned.
Mr Iwane did not say from whom they had received the money but the hastily called press conference followed media reports that the executives had received personal payments from a former official of a town that hosts one of the utility's nuclear power plants.
Mr Iwane said the executives involved, including himself, had been punished within the company.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Oil settles higher as weak US economic growth offset by supply concerns
India's Vedanta misses Q4 profit estimates on lower prices