Mita Industrial searched over illegal dividends
Prosecutors and police search the offices of failed
photocopier maker Mita Industrial Co. on Oct. 13 on suspicion it paid
dividends to shareholders while in the red. Some former executives
of the Osaka-based, unlisted company violated the Commercial Code by
paying dividends after window-dressing the firm's earnings reports,
investigative sources claimed. The company applied Aug. 10 for
rescue under the Corporate Rehabilitation Law, effectively going
under with debts of more than 200 billion yen.
==Kyodo
- Product Code
- ILEA000000704
- Registered date
- 1998/10/13 00:00:00
- Credit
- Kyodo / Kyodo News Images
- Media size
- 1657 × 1219 pixel
- Deployment size
- 362.33(KB)*
*File size when opened in Photoshop, etc.