Mitsubishi Materials, a major metal maker, revealed that several executives of a subsidiary in the United States were procuring trucks etc. from a company in which they invested and making inappropriate transactions to pay inflated prices. did.
The inflated amount is estimated to be about 2 billion yen in Japanese yen.
Inappropriate transactions were made by a total of seven executives and one former executive of "Robertson Lady Mix," a subsidiary of Mitsubishi Materials in California, USA, which manufactures ready-mixed concrete. It is a person.
According to the announcement, for nearly six years from 2014, executives procured ready-mixed concrete materials and trucks from 12 companies in which they invested, inflated the price and paid a higher price than the market price. about it.
The inflated amount is estimated to be 19 million dollars, which is about 2 billion yen in Japanese yen.
Mitsubishi Materials said that it had revealed the inappropriate transaction this time as a result of conducting an investigation with anonymous information provided in August, and although it received regular reports of business conditions from this subsidiary. It means that he could not grasp the actual situation inside.
In the future, the company intends to strengthen internal control by establishing an external reporting window and dispatching full-time officers from the parent company to prevent recurrence.