According to the Securities Times.com, Japan’s Mitsubishi Electric admitted on the 21st local time that the company’s factory in Ako, Hyogo Prefecture, had 40 years of fraud in the transformer experiment for power plants. Statistics show that Mitsubishi Electric was founded in 1921 and is one of the core companies of the Mitsubishi Group. Its products include display products for individual consumers, mobile phones, kitchen appliances, vehicle appliances, living appliances, and air-conditioning appliances. However, this is not the first time the Mitsubishi brand has “overturned”. Last year, Mitsubishi Electric was exposed by many media that the product inspection data was falsified, and the fraud may have continued for more than 35 years. In July of that year, Takeshi Sugiyama, president and CEO of Mitsubishi Electric Corporation, announced his resignation. In addition to Mitsubishi, in recent years, many well-known Japanese companies have exposed fraud scandals one after another, bringing “Made in Japan” down the altar. Famous Japanese companies including Japanese airbag supplier Takata Corporation, Kobe Steel, Japanese pharmaceutical company Kobayashi Chemical, and Japanese auto parts supplier Akebono Brake Industry Co., Ltd. And just earlier this month, Japanese chemical giant Toray released an investigation report, acknowledging that some of the company’s resin products, .
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