Articles by

Aya Takada and Gearoid Reidy

Japan Nuclear Scandal Deepens as Chairman Admits to Taking Gifts Since 2006

By

Aya Takada and Gearoid Reidy

The Kansai scandal erupted last week, when it was revealed the utility took payments from a local company that worked on its nuclear plant in Takahama, via one of its former deputy mayors. On Friday, President Shigeki Iwane said 20 company officials took cash and gifts worth about 320 million yen ($3 million) from the official. The utility’s shares plunged the most in more than three years on Monday.