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Tottori Gas removes president over alleged misuse of company funds

Original: https://www. wacoca.com/news/2947112/ 鳥取ガスが社長解任、会社資金3億円超を私的流用か…個人口座に10・8億円送金も発覚 – 読売新聞 # Business # BusinessNews # ビジネス

Tottori Gas has dismissed its president amid allegations that more than 300 million yen of company money was diverted for personal use. Investigators also reportedly discovered that 1.08 billion yen had been transferred to a personal bank account. The report, covered by the Yomiuri Shimbun, is drawing attention to governance at the regional Japanese gas utility.

Why now: News of a company president's dismissal over alleged embezzlement is breaking and raises corporate governance concerns.

Tottori GasYomiuri ShimbunJapan

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