Kansai Elec Execs Receive 320 M. Yen from N-Plant Host Town Official

Society

Osaka, Sept. 27 (Jiji Press)--Kansai Electric Power Co. <9503> President Shigeki Iwane said Friday that 20 executives of the company, including Chairman Makoto Yagi, received money and goods worth 320 million yen privately from a former deputy mayor of the central Japan town that hosts the firm's Takahama nuclear power station.

The distribution of the money and goods was detected partly through an inspection by a regional tax bureau, informed sources said.

Eiji Moriyama, the late deputy mayor of the town of Takahama, Fukui Prefecture, is believed to have used funds he had received chiefly in connection with nuclear plant construction as resources for the money and goods provided to the Kansai Electric executives, the sources said.

"I'm deeply sorry for causing a lot of worry among the people concerned and the public," Iwane said at a press conference held at the firm's head office in the western Japan city of Osaka.

Iwane admitted that he himself received a luxury item as a gift when he became Kansai Electric president. But he denied any intention to resign, saying, "I want to fulfill my responsibility as the leader of the company."

[Copyright The Jiji Press, Ltd.]

Jiji Press