Corruption at Kawasaki Heavy Industries
Kawasaki Heavy Industries, Ltd. announced that it had conducted a fictitious deal with a business partner for the repair of submarines contracted by the Japan Maritime Self-Defense Force, and misappropriated the back taxes it had raised for food and beverages. The company has established a special investigation committee to investigate the matter.
According to Kawasaki Heavy Industries, a division of the Kobe Plant, which repairs and inspects submarines contracted by the Maritime Self-Defense Force, made fictitious deals with a client company to raise the money.
The amount of the illegal money generated amounted to more than 1 billion yen, which had been misappropriated for at least six years for eating, drinking, purchasing goods, and so on.