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Six executives, including the subsidiary president, resigned from KDDI over fictitious transactions that led to an outflow of approximately 33 billion yen. KDDI's President Hiromichi Matsuda will return part of his compensation, and the company is considering criminal charges.

KDDI Announces Fictitious Transactions at Subsidiary and Executive Resignations

Major telecommunications company KDDI has officially announced issues with repeated fictitious transactions at one of its subsidiaries. It has been confirmed that approximately 33 billion yen was siphoned out of the company due to this fraud. In response, President Hiromichi Matsuda and other executives will return a portion of their compensation. Furthermore, six individuals, including the president of the subsidiary involved in the misconduct, have resigned to take responsibility.

Misappropriation of Funds Confirmed, Criminal Charges Under Consideration

KDDI's internal investigation revealed that some employees involved in the fraudulent activities used a portion of the misappropriated funds for entertainment expenses. The company recognizes the severity of this incident and is considering criminal charges against the employees responsible for the misconduct. This incident highlights the critical importance of corporate transparency and internal control systems.

*Source: NHK (2026-03-31)*

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