START A PETITION 25,136,189 members: the world's largest community for good
Mar 27, 2012

Shaw Capital Management Factoring News: Japan Bans Mitsubishi from Contract Bids - Mitsubishi Corp. subsidiaries have been given suspension by the Japanese government in the wake of overcharging issues.


The contract bidding suspension came after the Ministry of Defense became alert that Mitsubishi has overcharged various government agencies in their cost of expenses.


Further details about the incident were not publicized and the company is still assessing the potential impact this ban will have on their company and their affiliates.


Mitsubishi Electric Corp has announced that their business subsidiaries and an affiliate company have all got a notice this week from the Ministry of Defense of Japan. The notice states their suspension from participating in government biddings.


After it was revealed on January that Mitsubishi has overcharged the ministry along with the JAXA (Japan Aerospace Exploration Agency and the Cabinet Satellite Intelligence Center, subsidiaries of Taiyo Musen, an equity affiliate and Mitsubishi Electric (which includes Mitsubishi Space Software, TOKKI Systems Corporation and Mitsubishi Precision) the involved firms have informed the MOD about the overcharges only today.


Through internal investigation, it was discovered that they have also charged more for the ministry by altering records of work across various orders.


The impact of this incident on Mitsubishi’s consolidated market performance still remains uncertain but the firm plans to announce what the public should be alert of as soon as the condition is understood better.

Visibility: Everyone
Posted: Tuesday March 27, 2012, 1:56 am
Tags: capital and management shaw factoring financings [add/edit tags]

Group Discussions
Or, log in with your
Facebook account:


Shawcap Factoring
male, age 31,
Baltimore, MD, USA
(0 comments  |  discussions )
\nShawcapfactoring - Holders of credit-default swaps on Greek bonds shouldn’t tear up their contracts after yesterday’s ruling against a payout.\r\n \r\nThe International Swaps & Derivatives Association said the swaps hadn’t been...
(0 comments  |  discussions )
\nShawcapfactoring - Three New York City pension funds have showered nearly $1 billion on three hedge funds.\r\nThe pensions for the Big Apple\'s police, firefighters and public employees awarded $350 million mandates to Brevan Howard Asset Management and...
(0 comments  |  discussions )
\nCochrane Shaw Capital Management Pty Ltd.: Private Company Information - BusinessWeek\r\n\r\nCOMPA NY OVERVIEW\r\n\r\nCochrane Shaw Capital Management Pty Ltd. provides investment and securities advisory services to individuals, corporations, accounting firms...

No shares

Mar 31
Blog: How to Extend the Life of your TRIAD Boilers by Kayleigh L.
(0 comments  |  discussions ) — \\nHow to Extend the Life of your TRIAD Boilers \\r\\n \\r\\nCorlis Engine Review\\r\\nEvery user desires to prolong the life of a unit. TRIAD assists their clients in achieving this important objective by informing them of ways they can avoid problems... more
Feb 27
Blog: Dr Oz Weight Loss - The 100% Natural And Very Efficient Diet Pill by Debra S.
(0 comments  |  discussions ) — \\nYes, Dr. Oz called Garcinia Cambogia Extract (HCA) the Holy Grail of Weight Loss. He went on to say, “Anytime I see a scientist get this excited about something like Garcinia Cambogia Extract and when I looked through some of this research and... more
Blog: My Favorite Websites by krysta I.
(0 comments  |  discussions ) — \\nIFAW:\\r\\nOCEANA\\r\\nPETA:\\r\\nEARTH 911:\\r\\nANI MALs ASIA:\\r\\n \\r\\n\\r\\n\\n more
Feb 21
Blog: testing one two three by Geoff M.
(0 comments  |  discussions ) — hello world more
Blog: Garcinia Cambogia Reviews From Actual People Garcinia Pure Extract Is A Huge Success February 20 by Dany M.
(0 comments  |  0 discussions ) — \\nGarcinia Cambogia Reviews From Actual People Garcinia Pure Extract Is A Huge Success February 20\\r\\nGarcinia Cambogia System The Dr. Oz Lose Weight Quick Process Without Having Side Effects\\r\\nHe went on to say, “At any time I see a researcher... more
Content and comments expressed here are the opinions of Care2 users and not necessarily that of or its affiliates.