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None were illegal, but they did put civil servants in awkward ethical territory and execs knew it Share
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Japanese tech and telecoms giant NTT has temporarily slashed the pay of several top executives, to reprimand them for paying too much of the bill at $500-a-head lunches with government officials.
NTT is part-owned by Japan’s government and is also the nation’s dominant telco. Meetings with officials from the Ministry of Communications are therefore to be expected.
Local ethics rules don’t prohibit government officials dining with those they regulate. But NTT made the mistake of taking officials to very expensive restaurants Japanese media report the bill reached the equivalent of over $500 per person on some occasions and then paying most of the bill.
NTT sets up scandal probe panel led by former Keidanren head Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Jiji Mar 10, 2021
Nippon Telegraph and Telephone Corp. said Tuesday that it has set up a panel to investigate a scandal in which executives of the company wined and dined senior officials of the Japanese communications ministry.
The four-member panel is headed by Sadayuki Sakakibara, former chairman of the Japan Business Federation (Keidanren) and currently independent outside director of NTT.
The other three members are lawyers Takashi Iida, NTT’s independent outside auditor; Tetsuo Ito, former deputy head of the Supreme Public Prosecutor’s Office; and Hiroshi Inoue, former head of the Fukuoka High Public Prosecutor’s Office.