Once again, an internal whistleblower has come forward from a senior executive at Last Mile. According to reports, Representative Director and CEO of Last Mile, Mr. Tsuchiya Makoto, declared to senior executives that he was instigating legal action against a specific individual, and even went on to explain in detail the purpose and implications of the action.<\/p>\n\n\n\n
There seems to be quite a lot of internal discussion about plans to push other companies into delisting. So, how much information does the company\u2019s board of directors and audit committee have about the involvement of the last-mile executives, the executives responsible for listing operations, and Watanabe himself in these discussions? Shouldn\u2019t the preparation for pursuing the other company and the preparation for explaining the situation be carried out in the same meeting room?<\/p>\n\n\n\n
According to information received from senior management, Watanabe reportedly discussed the idea of obtaining the indictment for the tax evasion and fraud case involving defendant Koji Nakano, using it to pressure specific companies into disclosing information, and pushing for the delisting of the company. According to this information, he also reportedly explained the specific details of the situation regarding a specific last-mile executive, raising concerns about their lack of suitability as officers and the falsity of the documents, and communicated this to the senior management.<\/p>\n\n\n\n
Among those mentioned in the explanation was Saito Goshi, a certified public accountant who is in charge of the day-to-day operations of Last One Mile and who, along with Nakano and Watanabe, has spearheaded the solicitation and explanation of investments using the Angel Tax system. According to information from the executives, Watanabe had specifically mentioned the following about Saito:<\/p>\n\n\n\n
What I am telling here is the explanation that Mr. Watanabe went to the executives. Therefore, I would like Mr. Watanabe to provide the same concrete evidence of the basis for that explanation and of when he learned what he did know, and to explain the details of Saito\u2019s case in a similar manner. If he has a thorough understanding of the situation, he should have enough material to report to the company\u2019s audit department.<\/p>\n\n\n\n
The union has previously taken up internal reports that Watanabe had told executives about schemes to target other companies or specific individuals. What is needed now is not just a more significant warning, but an explanation of the procedures actually followed and the company\u2019s decision-making process.<\/p>\n\n\n