Tax evasion inquiry widens

29 April 2008

Japan: Japanese prosecutors probing a tax evasion case involving construction company Mizutani Kensetsu Co. have questioned employees of Obayashi Corp. in connection with an airport project it subcontracted to Mizutani, according to reports in the Japan Times.

Mizutani posted revenues of JPY 10 billion (US$ 870 million) from projects related to the construction of the Central Japan International Airport, Nagoya in its 2003 accounts. It is alleged the company's then-chairman, Isao Mizutani, evaded JPY 230 million (US$ 1.9 million) in corporate taxes in accounting for the project.

Mizutani contracts' under scrutiny include land development at the airport.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
Computer vision AI sees the way forward
Salman Chaudhary, CEO at EmpiricAI, explains why computer vision AI offers a glimpse of the future of health & safety in the construction sector
How wearable technology is used in construction
Wearable technology is helping construction companies become more productive and is also boosting health and safety 
Post-pandemic demand lengthens delivery times for construction equipment
Government stimulus measures following the global pandemic have led to a surge in demand for construction equipment
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA