Kansai Electric to Disclose Names of Executives over Money Scandal

Society

Tokyo, Sept. 29 (Jiji Press)--Kansai Electric Power Co. <9503> plans to disclose the names of 20 executives who received money and goods from a former deputy mayor of a nuclear plant host town in central Japan, a top executive of the company said Sunday.

The company will also make public the amount of money and goods that each of the 20 executives received from Eiji Moriyama, the late deputy mayor of Takahama, Fukui Prefecture, the top executive said.

Kansai Electric Power is expected to disclose such information at a news conference that the company plans to hold shortly, sources familiar with its plans said. Information "will be disclosed as much as possible to dispel concerns" about the matter, the top executive said.

On Friday, Kansai Electric Power, based in Osaka, western Japan, said Chairman Makoto Yagi, President Shigeki Iwane and 18 other executives received money and goods worth 320 million yen from Moriyama between February 2011 and February last year.

But the company at the time withheld the names of the 18 others and the amount of money and goods that each of them received, drawing criticism for not providing sufficient disclosure.

[Copyright The Jiji Press, Ltd.]

Jiji Press