The Fair Trade Commission has ordered three major regional utilities to pay record fines of about 101 billion yen ($757 million) in total for forming cartels that eliminated competition for corporate customers.
Prosecutors are duty bound to start a fresh, no-stones-unturned investigation into allegations of financial misconduct against three former executives of Kansai Electric Power Co. following a citizens prosecution inquest panel’s common-sense ruling that the individuals deserve to be indicted on criminal charges.
OSAKA A citizens’ prosecution inquest panel has found that three former executives of Kansai Electric Power Co. should be indicted over a major gift and pay scandal, even though prosecutors had dropped their case against them.
Kansai Electric yet to regain trust two years after gifts scandal japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.