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Japan

Nidec investigation committee finds founder Nagamori and eight others liable for damages, cites impairment avoidance in automotive business

On October 20, Nidec Corporation released a report by its Executive Responsibility Investigation Committee on accounting misconduct. The committee concluded that nine former directors, auditors and executives, including founder Shigenobu Nagamori, were liable for damages to the company. In the automotive business, it....

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