Posted by The_News_Guy on Tuesday, July 01 @ 08:58:29 CDT
Hirotoshi Honda,
the son of the late Soichiro Honda and the chief executive of Mugen, has been
arrested over allegations of a massive tax evasion. The Mugen company is
suspected of having failed to declare more than $25m in revenues over a three
year period up to the end of 2000 and therefore evading a tax payment of around
$8.5m. Honda and his auditor Norio Hirokawa have been arrested and are alleged
to have cooked the books with a leasing company owned by Honda Jr. The
investigators claim that the money saved was then invested in property in Tokyo.
What is the corporate world coming to? It seems like it is not only corporate
America that is falling by the wayside. With the emergence of such scandals as
Enron, WorldCom, and now Mugen ethics is now a die tradition in business. I for
one am getting tired of it, when will it end?
