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.

Kansai Electric detected the distribution of the money and goods through an internal investigation, joined by an outside lawyer, in July-September 2018 but did not announce the investigation results.

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

Asked why the company did not announce the investigation results, Iwane said, "We found (the receipt of gifts) inappropriate but not necessarily illegal."

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