HOME > NATION > Article

Text Size

small

medium

large


Japan Post Group to Punish 573 Officials over Scandal

Japan Post Group to Punish 573 Officials over Scandal

   Tokyo, July 29 (Jiji Press)--The Japan Post group decided Wednesday to take punitive action against 573 officials over improper sales of Japan Post Insurance Co. <7181> products between fiscal 2014 and fiscal 2018, including executive officers who were not directly involved in the scandal.
   At a press conference on the day, Japan Post Holdings Co. <6178> President Hiroya Masuda indicated that the company will aim to decide at a board meeting next month or later to resume sales of Japan Post Insurance products.
   In the punitive action, 39 executive officers and others will be given strong warnings or face cuts in their monthly pay. Six officials who were involved in many of the improper sales will be dismissed.
   As the group plans to punish more officials later, the number of those to be punished may reach around 3,000.
   "We take seriously that we caused disadvantages to many customers, and will take unprecedented strict measures" against those who are responsible for the scandal, Masuda said.

To read a full story, please click here to find out how to subscribe.

NATION

Aomori Tourism Information

HEADLINES

POLITICS
Approval Rating for Abe Cabinet Drops to 32.7% in Aug., 2nd Worst after 29.9%
ECONOMY
About 40% of Employees to Leave Ailing Electronics Retailer Laox
SPORTS
Golf Women: Shibuno Comes Tentative 126th on Suspended Scottish Open Day One
OTHER
1st-Ever 1945 A-Bombing Exhibition in Hawaii Open on Battleship Missouri

AFP-JIJI PRESS NEWS JOURNAL


Photos