Electric Power Co. (KEPCO) announced March 30 a ‘business improvement plan’, after
indulging in a colossal racketeering in which company’s top executives had
received a massive amount of cash and gifts in relation to construction and
operation of nuclear power stations. But it will be unworkable if the power
plants remain the same as they are the very source of corruption.
– IMPOSSIBLE IF NUCLEAR POWER PLANTS REMAIN INTACT
coverage by Kyodo
company’s top mangers had received a tremendous amount of cash and gorgeous gifts
from a former deputy mayor (who passed away) of the Takahama-cho, Fukui Prefecture,
which was disclosed in September last year by the investigative team of Kyodo
News Agency. Reception of money and offerings was clarified in the process of
taxation probe held in January 2018. A panel was established inside KEPCO to look
into fraudulence, and it compiled an internal report in September 2018 to
release the outcomes in October 2019.
times of whistle-blowing had been made before the scandal emerged to the surface,
by which information that only KEPCO’s people could have access to was open. The
data were previously sent to relevant people, mass media, taxation offices and
the Department of Special Investigation of the Osaka Prosecutors’ Office, but reaction
was not impressive.
episode became a scandal, appearing as a money circulation affair linked to nuclear
power plants, when the Kyodo’s team revealed facts after its independent search
for truths. Giant waves of fury heaved up to evoke an immense scale of news
coverage. Kyodo was not provided with records by whistle blowers.
held a news meeting on the following day, September 27, of the Kyodo’s delivery,
but the company did not give even names of the executives who had received cash
and gifts. The meeting ended in complication. In the following press meeting of
October 2 the internal report was made open to explain content, which surprised
people. But the KEPCO’s inherent suppression astounded them more.
up salaries of top executives
Third-Party Panel released a final report on March 14, 2020, which tells that
75 managers of the company were paid an amount of 360 million Yen in the scheme.
One of the facts says that the retired, eighteen top managers were paid back
the amount of 260 million Yen as director’s remuneration was reduced in
exchange of surges of electricity rate in the decade of 2010. No filling-up was
made to ordinary employees who had received a decreased sum of salary.
for filling-up of compensation of directors, the Association to Accuse KEPCO of
Illicit Nuke Money Dealing will file a criminal complaint, charging former Chairman
Yagi Makoto with additional crimes of business embezzlement and breach of
improvement plan announced on March 30 sets forth to intensify authority of
external directors, assigning former Chairman of the Keidanren, the Japan
Business Federation, Mr. Sakakibara Sadayuki, as KEPCO’s Chairman, who will be
inaugurated in the shareholders’ meeting to be held in June.
Sakakibara told, however, in the press conference held in the KEPCO’s
headquarters in Nakanoshima, Osaka, on March 30 that it is necessary to reactivate
the suspended nuclear stations to an extent of 20-22% in order to meet the
nation’s whole demand of electricity.
corruption, however, took place in linkage with construction and operation of
nuclear plants. If the plants are left intact, it is impossible to prevent reoccurrence
of fraud and revive KEPCO.