NEC execs charged in Japan defence case
Prosecutors allege we've been padding our prices...
Japanese prosecutors have charged two NEC executives and two from a business partner with breach of trust in connection with an ongoing Defence Agency purchasing scandal. Nine people in total have so far been charged, and although NEC is not the company accused of directly overcharging for equipment, it is claimed to have co-operated. The NEC executives are Tatsumi Nagatoshi, former NEC senior managing director and now president of the company's Japan Aviation Electronics Industry Ltd, NEC manager Hiroshi Nagasawa. The other two are a managing director and accounting director of Toyo Communication Equipment, which is accused of overcharging. Nagatoshi and Nagasawa are accused of ordering an NEC staffer to co-operate with Toyo. The Tokyo District Public Procecutor's Office is now scouring company offices for documentation. ® Click for more stories
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