Region: Japan

Drago Kos: We need to step up the pressure

The chairman of the OECD’s working group on bribery and corruption said the organisation will be ramping up its efforts to persuade member states to get tough on corruption – and to prevent non-members from abusing their position.

04 June 2014

Japanese auto parts exec will need to be extradited, lawyer says

The lawyer representing an indicted Japanese auto parts executive has said the US Department of Justice will need to seek extradition if they want him to face charges of fixing the price of heater control panels and then trying to destroy evidence linking him to the alleged conspiracy.

23 May 2014

Japanese politician finds "unnatural" Tibor movements

Mikishi Daimon, a Communist Party member of Japan’s House of Councillors, last Thursday told Japan’s parliament that there are “unusual movements” in the Tokyo Interbank Offered Rate (Tibor), a financial benchmark similar to Libor.

19 May 2014

Vietnam arrests four in railway bribery probe

Four railway officials in Vietnam have been arrested as part of an investigation into accusations a Japanese firm used bribes to win a railway contract, after the government vowed to vigorously investigate potential bribery in the bid.

08 May 2014

NDRC and DoJ may be cooperating on capacitor investigation

In what could be a first for both agencies, the US Department of Justice and China’s National Development and Reform Commission may be coordinating, along with other major antitrust enforcers, on a sprawling investigation of potential wrongdoing by capacitor manufacturers, according to a source close to the investigation.

07 May 2014

Former Deutsche Bank employee admits to bribing Japanese public official

A former Deutsche Bank employee today admitted to bribing a pension fund manager in Japan, who under local law qualifies as a public official.

22 April 2014

Former Bridgestone exec agrees to prison time in auto parts probe

A former executive of Japan’s Bridgestone rubber company agreed to plead guilty and serve a year and a half in prison for his role in a conspiracy to fix prices and rig bids in the auto parts market, the US Department of Justice announced yesterday.

17 April 2014

DoJ charges Japanese Bridgestone executives in cartel case

The US Department of Justice has charged one current and two former Bridgestone executives with conspiring to fix prices, months after the Japanese car-parts manufacturer was penalised for failing to disclose the related crime.

16 April 2014

Japan and Vietnam cooperate in bribery probe

The Tokyo Prosecutor’s Office and government investigators in Vietnam are jointly investigating claims that a Tokyo-based company paid US$1.3 million to foreign officials to win contracts, according to Voice of America.

28 March 2014

Marubeni refused to cooperate while under DPA, says departing DoJ official

Japanese trading company Marubeni refused to cooperate with a US Department of Justice FCPA investigation, despite being under a deferred prosecution agreement for previous foreign bribery offences, a department official has said.

24 March 2014

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