From: | rabiola <rabiola@**.NETCOM.COM> |
---|---|
Subject: | Plot idea |
Date: | Mon, 24 Aug 1998 01:51:30 -0500 |
applications:
Two Accused of Extorting from Airline
Tokoyo (AP) Japanese police arrested two men Monday on suspicion of
extorting $155,000 form Japan Airlines Co.
Hitoshi Ogasawara, 51, and Mamoru Arai, 53, are accused of extortion
in return for ensuring trouble-free shareholders meetings for the
airline, according to police. Ogasawara and Arai are known as
'sokaiya'.
Sokaiya are a unique feature of the corporate Japanese landscape.
They blackmail executives by threatenig to reveal embarrassing corporate
secrets to shareholders or are hired by companies to silence hostile
shareholders.
JAL President Isao Kaneko said the payments were part of a business
contract. "What happened, however, was very regrettable from the
corporate ethics point of view," Kaneko said at a press conference.
Tony Rabiola rabiola@**.netcom.com
Fourth and Sixth World Adept
Still working on the Fifth...