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BUSINESS
December 12, 1988 | Associated Press
A stock scandal widened over the weekend when the opposition Japan Socialist Party released the names of 17 business and government officials reportedly involved in questionable stock purchases, news reports said. Two municipal assembly members, whose Saitama and Kanagawa regions form the hub of development in the outer Tokyo area, were included on the list along with banking, real estate and company officials, Kyodo News Service said Saturday.
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NEWS
March 26, 1989 | KARL SCHOENBERGER, Times Staff Writer
Japan's political world is embroiled in a major bribery scandal, creating a crisis of confidence for the conservative, pro-American party that has ruled without serious challenge for more than 33 years. Opinion polls suggest the public is furious. Leftist opposition parties are sabotaging proceedings on the budget in Parliament.
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NEWS
March 26, 1989 | KARL SCHOENBERGER, Times Staff Writer
Japan's political world is embroiled in a major bribery scandal, creating a crisis of confidence for the conservative, pro-American party that has ruled without serious challenge for more than 33 years. Opinion polls suggest the public is furious. Leftist opposition parties are sabotaging proceedings on the budget in Parliament.
BUSINESS
December 12, 1988 | Associated Press
A stock scandal widened over the weekend when the opposition Japan Socialist Party released the names of 17 business and government officials reportedly involved in questionable stock purchases, news reports said. Two municipal assembly members, whose Saitama and Kanagawa regions form the hub of development in the outer Tokyo area, were included on the list along with banking, real estate and company officials, Kyodo News Service said Saturday.
BUSINESS
March 8, 1989 | From Times wire services
Authorities today arrested a former government vice minister on charges he took bribes from a Japanese conglomerate, the latest bombshell in a widening stock scandal that has tainted the highest echelons of power. The Tokyo District Public Prosecutors' Office arrested Takashi Kato, 58, the former vice minister of labor and the highest-ranking public official yet arrested in the scandal. Kato was charged with accepting bribes from Recruit Co.
BUSINESS
February 17, 1989 | From Times wire service s
Authorities investigating a major stock scandal today raided the main offices of the Labor Ministry and nine of its other facilities, and they arrested a former ministry official. Shigeru Kano, 55, former head of the Labor Ministry's employment service division, became the eighth suspect and the first former government official to be arrested in connection with the scandal. Since the scandal broke, 20 people, including three government ministers, have resigned their positions.
BUSINESS
February 27, 1989 | From Associated Press
Former Prime Minister Yasuhiro Nakasone said today that three of his aides had bought bargain shares in the company at the center of a stock-profiteering scandal, but he denied any personal involvement in the affair. "I regret my aides' purchase of shares occurred because of my poor supervision," Nakasone said in a nationally televised news conference. "But I am innocent and played no role in the scandal."
BUSINESS
February 28, 1989 | From Associated Press
Former Prime Minister Yasuhiro Nakasone said Monday that three of his aides had bought bargain shares in the company at the center of a stock-profiteering scandal, but he denied any personal involvement in the affair. "I regret my aides' purchase of shares occurred because of my poor supervision," Nakasone said in a nationally televised news conference. "But I am innocent and played no role in the scandal."
NEWS
March 28, 1989 | From Times Wire Services
Three business executives detained in connection with a widening stock-for-favors political scandal were indicted on bribery charges Monday, prosecutors reported. Former Nippon Telegraph & Telephone Chairman Hisashi Shinto, 78, was charged with receiving bribes from Recruit Co., the telecommunications conglomerate at the heart of the scandal.
NEWS
December 14, 1988 | Associated Press
The chairman of the world's largest company resigned today, becoming the most prominent business victim in a stock scandal that also has brought the downfall of Japan's finance minister. Hisashi Shinto, 78, head of the telecommunications giant Nippon Telegraph and Telephone Co. since 1981, told officials he had not personally been involved in dubious share trading but was resigning to take responsibility for transactions by his then-personal secretary, who has disappeared.
NEWS
July 7, 1988 | United Press International
Prime Minister Noboru Takeshita acknowledged today that his private secretary was implicated in a snowballing stock-trading scandal that also reportedly involved secretaries of former Japanese leader Yasuhiro Nakasone and the current finance minister. The scandal, involving the sale of stock obtained at bargain-basement prices, has already caused the resignation of the chairman of the company involved in the affair and the president of a leading Japanese economic journal.
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