Ex-Sasebo executives get suspended sentences in fraud trial


  • Business
  • Wednesday, 05 Mar 2003

TOKYO (AP) - Two former executives of Sasebo Heavy Industries Co. were given suspended prison sentences for defrauding a government work subsidies program of 377 million yen (US$3.2 million), a court official said Wednesday. 

Nagasaki District Court judge Keizo Yamamoto ruled that Sasebo Heavy's former president, Arifumi Himeno, and former deputy director of its Sasebo city shipbuilding yard, Yukio Mizuhiro, received the money from a government fund after falsely claiming that the company had put more than 500 workers through extra training between 1999 and 2001, the court official said on condition of anonymity. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Businesses concerned about rising forex woes
Booming eCommerce bolsters consumption
Sasbadi reports record high quarterly revenue on robust sales
LME takes aim at traders’ Russian metal games with new rules
Helping more city-state F&B businesses to expand overseas
Funds raised by Singapore’s tech startups up 59% in 2023
Fernandes on board Capital A for five more years
China’s prices are too low for buyers to sweat about tariffs
UK firms told to ‘urgently review’ green claims
Axis-REIT to sell Johor asset for RM162mil

Others Also Read