December 20, 1989 |
The wife of a Japanese member of Parliament said she is so fed up with the leadership of her husband's ruling party that she will run for election on an independent ticket. Makiko Hamada, 47, wife of Takujiro Hamada, a Liberal Democratic member of the lower house, said she has had enough of money politics, which have embroiled the party in its biggest scandal in more than 30 years. The scandal, in which the Recruit Co.
May 25, 1992 |
Daiei Buys Stake in Recruit: Daiei Inc., Japan's top supermarket chain, said it will take about a one-third stake in Recruit Co., the information firm at the heart of an influence-peddling scandal that rocked the government in the late 1980s. Former Recruit Chairman Hiromasa Ezoe will sell most of his shares in the company to Daiei, led by Chief Executive Isao Nakauchi, a management maverick with a penchant for buyouts. News of the deal sent Daiei shares soaring.
March 5, 1989
Four businessmen were formally charged with bribery in a stock scandal that has toppled several high officials of the Japanese government and tarnished the reputation of Prime Minister Noboru Takeshita. Those indicted included Hiromasa Ezoe, 52, founder and former chairman of the Recruit Co. conglomerate, and Hiroshi Kobayashi, 43, head of First Finance, a Recruit subsidiary that financed the insider stock sales involved in the scandal.
December 29, 1988 |
Prime Minister Noboru Takeshita's appointee as justice minister, purportedly selected this week because he was untainted by a burgeoning stock scandal, acknowledged Wednesday night that he has received substantial political contributions from the company at the center of the scandal. Takashi Hasegawa told reporters Tuesday, when he was appointed to the sensitive Cabinet job, that he was "totally free" of any connection to the Recruit Co. stock scandal.
March 26, 1989 |
Shareholders of Recruit Co., the firm at the center of a stock-profiteering and bribery scandal, voted Saturday to slash executives' salaries, company spokesman Yasutaka Natsuka reported. He said they also voted to deny retirement pay to the firm's founder and former chairman, Hiromasa Ezoe.