thejapantimes, 1 month ago to business

Wecars, a new company to manage operations at Bigmotor, a scandal-hit Japanese used car dealer, was established Wednesday according to shareholder trading house Itochu. https://www.japantimes.co.jp/business/2024/05/01/companies/new-firm-formed-to-take-over-bigmotor/ #business #companies #bigmotor #wecars #usedcars #insurance

thejapantimes, 3 months ago to business

Trading house Itochu says it has signed a contract to provide turnaround support to Bigmotor, a used car dealer struggling due to an insurance claims fraud scandal. https://www.japantimes.co.jp/business/2024/03/06/companies/itochu-bigmotor-turnaround-support/ #business #companies #itochu #bigmotor

thejapantimes, 4 months ago to Japan

Toshiyuki Kamohara, 51, has become the first Bigmotor employee to be detained on suspicion of damaging property in relation to the scandal-tainted company's inappropriate practice of felling roadside trees around stores in many parts of the country. https://www.japantimes.co.jp/news/2024/01/31/japan/crime-legal/bigmotor-official-arrest-roadside-trees/?utm_content=buffer535af&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #japan #crimelegal #bigmotor #usedcars #japanesepolice #kanagawa

thejapantimes, 4 months ago to business

Sompo Holdings' Kengo Sakurada is planning to step down as CEO at the end of March, over automobile insurance fraud at used-car dealer Bigmotor, ahead of expected business improvement orders from the Financial Services Agency to the firm and its subsidiary. https://www.japantimes.co.jp/business/2024/01/23/companies/japan-sompo-ceo-resignation/?utm_content=buffer1da24&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #sompo #insurance #bigmotor #fraud

thejapantimes, 6 months ago to business

Japan's Financial Services Agency plans to revoke major used car dealer Bigmotor's registration as an insurance agent on Nov. 30 following revelations about its fraudulent auto insurance claims. https://www.japantimes.co.jp/business/2023/11/14/companies/bigmotor-insurance-registration-revoke/?utm_content=buffer38780&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #bigmotor #insurance #fsa #shunichisuzuki

thejapantimes, 7 months ago to business

The transport ministry has ordered major used car dealer Bigmotor to halt operations at a quarter of its vehicle maintenance outlets after finding that the firm had charged excessive repair and inspection fees. https://www.japantimes.co.jp/business/2023/10/24/companies/bigmotor-halt-operations/?utm_content=buffer7550c&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #bigmotor #sompo #financialservicesagency #mlit

thejapantimes, 7 months ago to business

Japan's transport ministry on Friday moved closer toward punishing 34 outlets of Bigmotor over fraudulent auto insurance claims. https://www.japantimes.co.jp/business/2023/10/20/companies/transport-ministry-bigmotor-hearings/?utm_content=bufferb5eb9&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #bigmotor #fraud

thejapantimes, 7 months ago to business

The transport ministry plans to order scandal-hit Bigmotor to halt operations at a quarter of its maintenance outlets over suspected improper provision of services, including damaging vehicles to inflate repair fees. https://www.japantimes.co.jp/business/2023/10/13/companies/ministry-order-bigmotor-halt-maintenance-shops/?utm_content=buffer0bee4&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #bigmotor #fraud #usedcars

thejapantimes, 7 months ago to business

Japan's transport ministry is set to impose administrative penalties on major used-car dealer network Bigmotor over allegations it engaged in institutionalized fraud by intentionally damaging vehicles to inflate repair fees. https://www.japantimes.co.jp/business/2023/10/12/companies/transport-ministry-set-penalize-bigmotor-fraud/?utm_content=buffer01db1&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #bigmotor #usedcars #fraud

thejapantimes, 7 months ago to business

The report said the early resumption of business was caused by concerns among Sompo Japan executives about the possibility of losing deals with Bigmotor to rival insurers. https://www.japantimes.co.jp/business/2023/10/11/sompo-japan-bigmotor-independent-panel/?utm_content=buffer0711b&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #sompojapan #bigmotor #usedcars #insurance #fraud

thejapantimes, 8 months ago to Japan

The Financial Services Agency began on-site inspections of Bigmotor and Sompo Japan Insurance on Tuesday, aiming to dig deeper into the insurance fraud scandal by the leading used-car dealership chain. https://www.japantimes.co.jp/news/2023/09/19/japan/crime-legal/fsa-bigmotor-inspection/?utm_content=bufferd820a&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #japan #crimelegal #bigmotor #fsa #cars #insurance #sompojapan

thejapantimes, 8 months ago to Japan

Police have searched the headquarters of Bigmotor on suspicion of property destruction over dying roadside trees in front of some of the chain's outlets. https://www.japantimes.co.jp/news/2023/09/15/japan/crime-legal/bigmotor-dying-trees-police-search/?utm_content=buffer8132a&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #japan #crimelegal #bigmotor #japanesepolice #tokyo #environment

thejapantimes, 8 months ago to business

Sompo Japan Insurance President Giichi Shirakawa will step down to take responsibility for the handling of a high-profile insurance fraud involving Bigmotor. https://www.japantimes.co.jp/business/2023/09/08/companies/sompo-japan-big-motor-insurance/?utm_content=bufferb4c0d&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #sompojapan #insurance #bigmotor #usedcars #fraud

thejapantimes, 8 months ago to Japan

Bigmotor, embroiled in a scandal over excessive repair fees and auto insurance fraud, may have forced its subcontractors to lower prices and have their company vehicles undergo inspections at its workshops. https://www.japantimes.co.jp/news/2023/09/02/japan/crime-legal/bigmotor-fair-trade-commission/?utm_content=buffer661b1&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #japan #crimelegal #bigmotor #usedcars #insurance #corporategovernance

thejapantimes, 10 months ago to business

Scandal-hit major used car dealer Bigmotor is suspected of having concluded fictitious automobile insurance contracts, it was learned Sunday. https://www.japantimes.co.jp/business/2023/07/31/companies/bigmotor-suspected-of-fabricating-insurance-contracts/?utm_content=buffer30e88&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #bigmotor #usedcars #insurance #corporategovernance #sompojapan

thejapantimes, 10 months ago to business

The transport ministry inspected 34 Bigmotor dealerships Friday as part of an investigation into suspected automobile insurance fraud by the major used car dealer. https://www.japantimes.co.jp/business/2023/07/28/companies/bigmotor-on-site-probe/?utm_content=buffer7cc75&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #bigmotor #mlit #usedcars #fraud

thejapantimes, 10 months ago to Japan

Roadside trees in front of numerous outlets of scandal-hit used car dealership chain Bigmotor were found to have withered unnaturally, local authorities across Japan have said. https://www.japantimes.co.jp/news/2023/07/28/japan/society/bigmotor-trees-scandal/?utm_content=buffer3b803&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #japan #society #bigmotor #cars #usedcars #localgovernment #mlit #environment

thejapantimes, 10 months ago to business

Japanese used car dealer Bigmotor's scandal over fraudulent auto insurance claims has spotlighted its cozy relations with major insurers. https://www.japantimes.co.jp/business/2023/07/27/companies/bigmotor-insurer-ties/?utm_content=buffer7ff70&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #bigmotor #fraud #insurance

thejapantimes, 10 months ago to business

The chief of Japan’s largest used car dealer on Tuesday announced his intention to resign over fraudulent repairs by the company's staffers. https://www.japantimes.co.jp/news/2023/07/25/business/corporate-business/bigmotor-chief-resign-repair-scandal/?utm_content=bufferdd379&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #fraud #usedcars #bigmotor #cars

thejapantimes, 10 months ago to news

The chief of Japan’s largest used car dealer on Tuesday announced his intention to resign over fraudulent repairs by the company's staffers. https://www.japantimes.co.jp/news/2023/07/25/business/corporate-business/bigmotor-chief-resign-repair-scandal/?utm_content=buffera4c18&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #news #corporate #fraud #cars #usedcars #bigmotor

thejapantimes, 10 months ago to news

Many employees at Bigmotor, a Tokyo-based major used car dealer and repair factory chain, have been engaged in automobile insurance fraud at the instruction of their supervisors. https://www.japantimes.co.jp/news/2023/07/19/business/bigmotor-fraud/?utm_content=buffer0f91e&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #news #business #fraud #usedcars #bigmotor