38 Life Insurance Companies in Japan had not paid 28.4 million yen from 2001 to 2006. Japan newspapers reported it.
The investigation has not finished yet, and it is said that the total amount will go up more than the amount reported.
Financial Services Agency will highly possibly impose an administrative punishment on them.
Corporate scandals are flooding in Japan. This is just one of the cases. It is true that private companies should try to earn a lot of profits, but it seems that they start to lose the ethics.
I suppose that if even a tenth of the efforts that the workers in the insurance companies made when they got contracts was poured to their customers AFTER they sold, the matters like this time were not supposed to happen.
I cannot deny that this sort of corporate scandal with their having lost the ethics has eroded the society of Japan. And the Japanese youngsters are quite fed up with these problems.
The investigation has not finished yet, and it is said that the total amount will go up more than the amount reported.
Financial Services Agency will highly possibly impose an administrative punishment on them.
Corporate scandals are flooding in Japan. This is just one of the cases. It is true that private companies should try to earn a lot of profits, but it seems that they start to lose the ethics.
I suppose that if even a tenth of the efforts that the workers in the insurance companies made when they got contracts was poured to their customers AFTER they sold, the matters like this time were not supposed to happen.
I cannot deny that this sort of corporate scandal with their having lost the ethics has eroded the society of Japan. And the Japanese youngsters are quite fed up with these problems.
What is ridiculous is to get the profits losing something important instead.
Thank you for visiting and have a wonderful day!
P.S. I am listing my debut volume, "Falling Japan ~On The Verge of Bankruptcy and Destruction" on ebay. Please take a look at the auction page.
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