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International

Utility chairman to step down following criticism for gift scandal

October 09, 2019 Reprints

Makoto Yagi, chairman of Japan-based Kansai Electric Power Co., will step down following criticism for receiving $3 million worth of gifts from a former official of a town that hosts the company's nuclear power plant, The Japan Times reports citing sources. Kepco's president Shigeki Iwane is considering stepping down by the end of the year.

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Utility chairman to step down following criticism for gift scandal

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