TOKYO — The head of a Japanese utility resigned Wednesday over a scandal involving 20 of its executives who received cash and gifts totaling $3 million from a former official in a town where it operates a nuclear power plant.
Kansai Electric Power Co. Chairman Makoto Yagi said he was taking responsibility for causing public distrust.
Company President Shigeki Iwane said he will resign later this year when independent investigators release findings. The two acknowledged they are among the 20 executives who received the cash and gifts from 2011 to 2018 from the former deputy mayor of Takahama in Fukui prefecture in western Japan, home to four Kansai Electric reactors.
“I deeply apologize for betraying the trust of the people, including our customers, and for causing tremendous trouble,” Yagi said at a news conference.