In response to the issue that Kansai Electric Power Co. shaped a cartel with Chugoku Electric Power Co., Chubu Electric Power Co., and Kyushu Electric Power Co., Inc. over electrical energy gross sales to companies, particular person shareholders of Kansai Electric Power Co. mentioned that the corporate’s losses amounted to greater than 350 billion yen. I insisted and requested the corporate to file a lawsuit searching for compensation from the officers on the time. If the corporate doesn’t file a lawsuit, it plans to file a shareholder by-product lawsuit.
Regarding the lawsuit, Kansai Electric Power mentioned, “We will rigorously look at the contents of the invoice and think about reply. Regarding the truth that we have been acknowledged as a violation by the Fair Trade Commission, we are going to completely implement measures to forestall recurrence and create an organizational tradition that emphasizes compliance. We will proceed to do our utmost to regain the belief of our shareholders and society by working to foster
Source
Electric energy cartel shareholders demand Kansai Electric Power to sue officers on the time | NHK
