TOKYO -Japan's trade minister on Friday said he never directed an adviser to contact Toshiba Corp shareholders after a report accused his ministry of colluding with company executives to pressure stockholders to fall in line with its management plans.
The Ministry of Economy, Trade and Industry is waiting for Toshiba to respond to the report from independent investigators, Hiroshi Kajiyama said at a regular press briefing.The report says Toshiba's management asked METI to help counter activist overseas stock owners at its annual general meeting last July.
The shareholder-commissioned report released on Thursday also alleges that Prime Minister Yoshihide Suga, when he was chief cabinet secretary last year, verbally encouraged that pressure during a meeting with a senior Toshiba executive.As part of METI's response, special adviser Hiromichi Mizuno approached Harvard University's endowment fund warning it that its vote could be subject to a regulatory probe, sources told Reuters last year. The U.S.
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