Former Tepco execs ordered to pay $95bn in Fukushima damages

Jul 13 (Nikkei) - A Tokyo court on Wednesday ordered former executives of Tokyo Electric Power Company Holdings Inc. to pay the utility some 13 trillion yen ($95 billion) in total damages for failing to prevent the 2011 crisis at the Fukushima Daiichi nuclear plant.

The ruling in favor of shareholders who filed the lawsuit in 2012 is the first to find former TEPCO executives liable for compensation after the nuclear plant in northeastern Japan caused one of the worst nuclear disasters in history triggered by a massive earthquake and tsunami in March 2011.

In the lawsuit at the Tokyo District Court, 48 shareholders sought a total of around 22 trillion yen ($160 billion) in damages to be paid to the company, the largest amount ever claimed for compensation in a civil lawsuit in Japan, according to a lawyer representing the plaintiffs.

Among five defendants -- former Chairman Tsunehisa Katsumata, former vice presidents Sakae Muto and Ichiro Takekuro, former President Masataka Shimizu and former Managing Director Akio Komori -- the court found all but Komori liable to pay the damages.

The ruling said that the utility's countermeasures for the tsunami "fundamentally lacked safety awareness and a sense of responsibility."

Source: ANNnewsCH


MORE Business NEWS

According to Teikoku Databank, there were ten steakhouse bankruptcies in the 2023 fiscal year, five times the previous year's count, marking a record high.

Daihatsu Motor has resumed production at its headquarters plant, which had been suspended due to irregularities in certification testing. With this, all of Daihatsu's domestic plants are now operational.

The price of seaweed, commonly used in rice balls, has been rising, impacting the availability of onigiri in convenience stores.

POPULAR NEWS

During the Golden Week holiday, Kyoto faced heavy crowds as foreign tourists, buoyed by a weak yen, combined with domestic travelers, leading to overcrowding. At popular spots, trash was scattered, highlighting the major issue of overtourism.

The United States is moving towards easing cannabis regulations, while Japan maintains strict controls. How should Japan approach cannabis in the future?

Tokyo DisneySea's largest development since its opening, the new "Fantasy Springs" area, was unveiled to the press ahead of its opening next month.

To keep pace with the intense international competition in space development, the Japanese government has launched the necessary Space Strategy Fund to accelerate Japan's space exploration activities.

In the case of a couple's burned bodies found in eastern Japan, Tokyo police have arrested a 36-year-old man, a real estate company executive and acquaintance of the couple.

FOLLOW US