Asia
Sanrio Probes Alleged Improper Pay to Managing Director
Sanrio Company (TYO:8136) is investigating a managing director over suspected improper compensation of several hundred million yen, according to a Thursday filing on the Tokyo Stock Exchange.The company said the executive may have received additional payments from a group subsidiary beyond approved remuneration. Sanrio has suspended the director's duties and launched a probe with an independent external organization.
TYO:8136
