Japan: Probe panel on Kansai Elec’s graft scandal to report findings on March 14

An independent committee investigating a graft scandal at Kansai Electric Power Co, Japan’s second-largest utility, will release its findings on March 14, a representative of the committee said on Friday.

Kansai Electric said in September that 20 company officials had received payments and gifts worth 320 million yen ($2.9 million) from a local government official in Takahama where the company has a nuclear power station, hurting the Japanese public’s trust in nuclear power companies.

The utility’s President Shigeki Iwane said in October he would step down the day the third-party probe committee returns its findings to take responsibility for the scandal.

The full original article can be found at reuters.com

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