Corporate scandals refer to unethical, illegal, or questionable actions by corporations or their executives that result in public outcry, legal consequences, or damage to reputation. These scandals often involve fraud, financial mismanagement, insider trading, corruption, or violations of regulations, leading to significant impacts on stakeholders such as employees, investors, customers, and the broader community. Common examples include accounting fraud, such as the Enron scandal, where false financial statements were used to deceive investors, and the Volkswagen emissions scandal, which involved the deliberate misrepresentation of vehicle emissions data. Corporate scandals can erode public trust, prompt regulatory changes, and highlight the need for increased corporate governance and ethical standards in business practices.
A senior executive at TV Asahi misused corporate funds for personal expenses, totaling around 5.17 million yen since 2019. The executive was also involved in a pattern of intimidation and…