INFRONEER Holdings Inc. [5076.T]
TOKYO, May 13 (Pulse News Wire) – INFRONEER Holdings Inc. (5076.T) announced today that it and its subsidiary Maeda Corporation have established a recurrence prevention committee in response to recent reports alleging improper payments made by Maeda Corporation employees to a municipal council member in connection with a construction project in Yatsushiro City.
The purpose of the committee is to develop and implement concrete measures to prevent similar misconduct from recurring. It was set up following a report published on May 7, which detailed suspicions of illegal activities involving Maeda Corporation staff during a city-contracted construction project.
The committee includes key members such as Executive Vice President Kiyoshi Azuma of Maeda Corporation, Executive Vice President Kazuhiro Seika, Executive Vice President Toshihiko Tokutomi, Executive Vice President Shinya Sakaguchi, and attorney Genya Yoshino from Nostima Law Office. The committee was officially formed on May 13.
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