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PCI Group under Investigation for Bribery and Tax Evasion in Japan


In June 2008, it was reported that Japanese development consultants, Pacific Consultants International Group (PCI), used a subsidiary in Hong Kong to make secret payments to overseas brokers. According to sources at PCI, up to and including the 1990s, the company handed over cash to high-ranking foreign government officials to secure favorable treatment in winning Overseas Development Assistance (ODA) project contracts. The prosecutors alleged that at least 500 million yen was channelled into the subsidiary and that they suspected PCI hid more than 100 million yen in corporate income in a slush fund at the subsidiary over the previous few years. The company was being investigated for tax evasion.


References
THAHNIEN NEWS  [Publication date: 31/1/2009] 'Three Japanese execs convicted in Vietnam bribery scandal'
   http://www.thanhniennews.com/society/?catid=3&newsid=45693
[ Date URL accessed: 8/2/2009 ]

Daily Yomiuri Online  [Publication date: 30/6/2008] 'PCI ex-exec 'handed over bribe' The Yomiuri Shimbun'
   http://www.yomiuri.co.jp/dy/national/20080630TDY02304.htm
[ Date URL accessed: 30/6/2008 ]

The Yomiuri Shimbun  [Publication date: 4/6/2008] 'PCI 'used H.K. unit for bribes''
   http://www.yomiuri.co.jp/dy/national/20080604TDY02304.htm
[ Date URL accessed: 6/6/2008 ]


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